AFB Ltd: M&A transaction — Ti Chieh Zang acquires 74.63% stake in AFB Limited, becomes CEO and CFO

AFB Ltd

Ti Chieh Zang purchased 3,000,000 restricted shares at $0.15/share, acquiring a 74.63% controlling stake on April 9, 2025.
Tak Chun Wong resigned as Director, CEO, and CFO; no disagreement with company operations.
Ti Chieh Zang appointed as Director, CEO, and CFO effective April 9, 2025.
Transaction financed through investor's own capital; purchase agreement executed and delivered same day.

item 5.01 item 5.02

Executive movements

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Appointed

Ti Chieh Zang

Director, Chief Executive Officer and Chief Financial Officer

AFB Ltd

Effective: 2025-04-09
Filed: April 11, 2025, 7:59 PM ET

The Board of the Company appointed Ti Chieh Zang (age 36) as the Director, Chief Executive Officer and Chief Financial Officer, effective on April 9, 2025.

Departed

Tak Chun Wong

Director, Chief Executive Officer and Chief Financial Officer

AFB Ltd

Effective: 2025-04-09
Successor: Ti Chieh Zang
Filed: April 11, 2025, 7:59 PM ET

Tak Chun Wong, the Director, Chief Executive Officer and Chief Financial Officer of AFB Limited. (the "Company"), is no longer holding the positions.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Ti Chieh Zang was appointed as Director, Chief Executive Officer and Chief Financial Officer at AFB Ltd.

Action: appointed
Role: Director, Chief Executive Officer and Chief Financial Officer

Exact text from the filing

The Board of the Company appointed Ti Chieh Zang (age 36) as the Director, Chief Executive Officer and Chief Financial Officer, effective on April 9, 2025.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Tak Chun Wong resigned as Director, Chief Executive Officer and Chief Financial Officer at AFB Ltd.

Action: resigned
Role: Director, Chief Executive Officer and Chief Financial Officer

Exact text from the filing

Tak Chun Wong, the Director, Chief Executive Officer and Chief Financial Officer of AFB Limited. (the "Company"), is no longer holding the positions.

View on SEC.gov

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

AFB Ltd underwent a change of control involving Ti Chieh, ZANG for USD 0.15 per share (closed 2025-04-09).

Action: change of control
Counterparty: Ti Chieh, ZANG
Consideration: USD 0.15 per share
Closing: 2025-04-09

Exact text from the filing

The Investor purchased 3,000,000 shares of the Company’s common stock at a price of USD 0.15 per share.

View on SEC.gov

30 m&a transactions filed in the last 30 days. Browse all m&a transactions →

Source: SEC EDGAR

accession 0001683168-25-002473

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