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CURRENT REPORT
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SECTION 5 CORPORATE GOVERNANCE
ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
On September 18, 2023, Ho Yiu Chung notified Flywheel Advanced Technology, Inc. (the “Company’”) and its seventy (70%) percent owned subsidiary, Blue Print Global Limited (“Blue Print”), that he was resigning from the board of directors of the Company and the director of Blue Print, each of which is effective immediately. Ho Yiu Chung has served as a director of the Company since September 2021 and a director of Blue Print since November 30, 2022. Mr. Ho Yiu Chung’s resignation was not due to any matter related to the Company or Blue Print’s operations, policies, or practices, his experiences while serving on each board, or any disagreement with the board or management team of the Company or Blue Print.
On September 18, 2023, the board of directors of Blue Print appointed Tang Siu Fung as a member of the board, effective immediately, to serve until his successor is elected and qualify. Tang Siu Fung has served as the President and Chief Executive Officer of the Company and as the Chairman of the Company’s board since September 2021. By setting out clear aims and objectives, Mr. Tang directs and oversees Blue Print’s overall strategic direction, developing high-quality business strategies and leading Blue Print to achieve short term, as well as long term, goals.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| FLYWHEEL ADVANCED TECHNOLOGY, INC. | ||
| Dated: September 19, 2023 | By: | /s/ Tang Siu Fung |
| Name: | Tang Siu Fung | |
| Title: | Chief Executive Officer (Principal Executive Officer and Principal Financial Officer) | |