OFA Group CFO Ernest Yeung resigns; Eugene M. Johnston appointed CFO with $150K salary and 60K-share option grant

OFA Group

Ernest Yeung resigned as CFO effective September 30, 2026, for personal reasons; the Board accepted his resignation on October 1, 2026.
Board appointed Eugene M. Johnston, 62, as CFO effective Oct 1, 2026; he is CFO of 1776 Acquisition Corp since Nov 2025 and CFO of Mangoceuticals (Nasdaq: MGRX) since Oct 2022.
Johnston's agreement: $150,000 annual base salary; annual cash bonus of 0%-20% of salary starting FY ending March 31, 2027; initial two-year term runs from Oct 1, 2026.
Sign-on option for 60,000 Class A ordinary shares; eligible for annual options up to 50,000 shares beginning FY ending March 31, 2028; options vest in 12 quarterly installments over 3 years.
Agreement includes D&O insurance for six years post-termination and clawback under Rule 10D-1/Nasdaq Rule 5608; termination for cause immediate or without cause on 30 days' notice.

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