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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Resignation of Shalom Dodoun
On December 27, 2023, the Board of Directors (the “Board”) of Fintech Scion Limited (the “Company”) accepted the resignation of Shalom Dodoun, the Chief Executive Officer of the Company, effective immediately (the “Separation Date”). Mr. Dodoun is also resigning from the Board as of the Separation Date. Mr. Dodoun’s resignation was not the result of any disagreement with the Company relating to its operations, policies or practices. In connection with Mr. Dodoun’s resignation from the Board, effective as of the Separation Date, the Board approved a reduction in the size of the Board to three directors.
Appointment of Chief Executive Officer
On December 27, 2023, the Board appointed Lim Chun Hoo as Chief Executive Officer of the Company. Mr. Lim previously served as Chief Financial Officer of the Company since November 2022 and is a member of the Board.
Set forth below is the biographical information of Mr. Lim, age 33, as required by Item 401 of the Regulation S-K.
Mr. Lim served as our Chief Financial Officer from November 2022 to December 27, 2023. Mr. Lim previously served as the Chief Executive Officer and as a director of Ho Wah since November 8, 2016 and November 4, 2016, respectively. On March 1, 2017, he was also appointed to serve as Ho Wah’s Chief Financial Officer and Chief Operating Officer. He also serves as executive director of Ho Wah Genting Holiday Sdn Bhd. In May, 2014, Mr. Lim founded an information technology company, Beedo, where he serves as its director. From August, 2013 to May, 2014, he was Senior Share Investment Executive at Public Bank Berhad. From August, 2010 to August, 2013, he served as a costing executive under PT Ho Wah Genting, Indonesia. Mr. Lim received a Bachelor of Arts (Honours) in Finance and Investment Management from the University of Northumbria, Newcastle-upon-Tyne, United Kingdom in 2010.
There are no arrangements or understandings between Mr. Lim and any other person pursuant to which Mr. Lim was appointed as Chief Executive Officer of the Company. In addition, there are no family relationships between Mr. Lim and any of the Company’s executive officers or directors. Mr. Lim has no direct or indirect material interest in any transactions required to be disclosed pursuant to Item 404(a) of Regulation S-K.
Appointment of Chief Financial Officer
On December 27, 2023, the Board appointed Colin Ellis as Chief Financial Officer of the Company. Mr. Ellis has been a member of our Board since February 2023.
Set forth below is the biographical information of Mr. Ellis, age 61, as required by Item 4.01 of the Regulation S-K.
Mr. Ellis is the Senior Partner of Anstey Bond LLP, a London firm of chartered accountants, which he founded in January 2011. Mr. Ellis has a well-developed background in international corporate finance, having served as Auditor and Advisor to UK companies listed on the London Stock Exchange and Alternative Investment Market (AIM), along with other junior market-listed public companies, including entities in the Mining and Innovation Technology sectors. Mr. Ellis holds several directorships and provides financial knowledge for a range of companies, from start-ups to public companies. His 35 years of experience in the international finance industry have enabled Mr. Ellis to develop a sound knowledge of running both UK-based and international companies.
There are no arrangements or understandings between Mr. Ellis and any other person pursuant to which Mr. Ellis was appointed as Chief Financial Officer of the Company. In addition, there are no family relationships between Mr. Ellis and any of the Company’s executive officers or directors. Mr. Ellis has no direct or indirect material interest in any transactions required to be disclosed pursuant to Item 404(a) of Regulation S-K.
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 hereunto duly authorized.
| FINTECH SCION LIMITED | ||||||
| Dated: January 29, 2024 | ||||||
| By: | /s/ Lim Chun Hoo | |||||
| Name: | Lim Chun Hoo | |||||
| Title: | Chief Executive Officer | |||||