---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-031688"
form_type: "8-K"
ticker: "GDC"
cik: "0001641398"
company_name: "GD Culture Group Ltd"
filed_at: "2023-04-21T23:59:59+00:00"
generated_at: "2026-06-16T21:23:33.424845+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# GD Culture Group appoints new CEO and CFO after resignations effective April 21, 2023

## Summary
- CEO/President/Chairman Hongxiang Yu and CFO Yi Li resigned effective April 21, 2023, with no disagreement disclosed.
- Xiao Jian Wang appointed CEO, President, Chairman, and director; annual salary $50,000.
- Zihao Zhao appointed CFO; annual salary $30,000.
- Wang previously VP at Foregrowth Inc.; Zhao was senior audit assistant at PwC Shanghai.

## SEC filing metadata
- accession: 0001213900-23-031688
- form_type: 8-K
- ticker: GDC
- cik: 0001641398
- company_name: GD Culture Group Ltd
- filed_at: 2023-04-21T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1641398/000121390023031688/0001213900-23-031688-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1641398/000121390023031688/ea177292-8k_gdculture.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-031688
- JSON: https://secwatch.observer/filing/0001213900-23-031688.json
- Plain text: https://secwatch.observer/filing/0001213900-23-031688.txt

## Key facts
- Executive change
  Yi Li resigned as Chief Financial Officer at GD Culture Group Ltd.
  - Action: resigned
  - Role: Chief Financial Officer
  source text: On April 21, 2023, Ms. Yi Li tendered her resignation as the Chief Financial Officer of the Company, effective April 21, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1641398/000121390023031688/0001213900-23-031688-index.htm
- Executive change
  Xiao Jian Wang was appointed as Chief Executive Officer, President, Chairman of the Board and a director at GD Culture Group Ltd.
  - Action: appointed
  - Role: Chief Executive Officer, President, Chairman of the Board and a director
  source text: Mr. Xiao Jian Wang was appointed as the Chief Executive Officer, President, Chairman of the Board and a director of the Company, effective April 21, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1641398/000121390023031688/0001213900-23-031688-index.htm
- Executive change
  Hongxiang Yu resigned as Chief Executive Officer, President, Chairman of the Board and a director at GD Culture Group Ltd.
  - Action: resigned
  - Role: Chief Executive Officer, President, Chairman of the Board and a director
  source text: On April 21, 2023, Mr. Hongxiang Yu tendered his resignation as the Chief Executive Officer, President, Chairman of the Board and a director of GD Culture Group Limited (the “Company”), effective April 21, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1641398/000121390023031688/0001213900-23-031688-index.htm
- Executive change
  Zihao Zhao was appointed as Chief Financial Officer at GD Culture Group Ltd.
  - Action: appointed
  - Role: Chief Financial Officer
  source text: Mr. Zihao Zhao was appointed as the Chief Financial officer of the Company, effective April 21, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1641398/000121390023031688/0001213900-23-031688-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.