---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-089876"
form_type: "8-K"
ticker: null
cik: "0000854800"
company_name: "Tingo Group, Inc."
filed_at: "2023-11-24T23:59:59+00:00"
generated_at: "2026-06-07T22:02:00.674849+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Tingo Group CFO resigns amid Israel conflict; sells Micronet stake for $1.1M

## Summary
- Amir Ayalon moved to part-time consultancy due to personal difficulties and family commitments from the Israel conflict; effective Nov 13, 2023.
- Hao (Kevin) Chen appointed Group CFO; previously served as CFO from Nov 2021 to Oct 2023.
- MICT Telematics sold all 2,951,618 shares of Micronet Ltd for 4,250,330 NIS (~$1.1M) as non-core disposal.
- Company initiated search for permanent CFO; Chen to serve as interim Group CFO.

## SEC filing metadata
- accession: 0001213900-23-089876
- form_type: 8-K
- cik: 0000854800
- company_name: Tingo Group, Inc.
- filed_at: 2023-11-24T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/854800/000121390023089876/0001213900-23-089876-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/854800/000121390023089876/ea188994-8k_tingogroup.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-089876
- JSON: https://secwatch.observer/filing/0001213900-23-089876.json
- Plain text: https://secwatch.observer/filing/0001213900-23-089876.txt

## Key facts
- Executive change
  Amir Ayalon departed as Group Chief Financial Officer at Tingo Group, Inc..
  - Action: moved to part-time consultancy
  - Role: Group Chief Financial Officer
  source text: On November 13, 2023, Amir Ayalon, who accepted the position of Group Chief Financial Officer on October 2, 2023, moved into a part-time consultancy role due to a significant change in his personal circumstances.
  evidence_url: https://www.sec.gov/Archives/edgar/data/854800/000121390023089876/0001213900-23-089876-index.htm
- Executive change
  Hao (Kevin) Chen was appointed as Group Chief Financial Officer at Tingo Group, Inc..
  - Action: appointed
  - Role: Group Chief Financial Officer
  source text: On November 22, 2023, the Company’s board of directors appointed Mr Chen as Group Chief Financial Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/854800/000121390023089876/0001213900-23-089876-index.htm

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