UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Securities Exchange Act of 1934
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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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. |
On December 31, 2021, Mr. Wong Wing Kong, the independent director of Network CN Inc. (the “Company") notified the Company of his intention to resign from his position as a director of the Company for personal reasons. Mr. Wong Wing Kong’s resignation will become effective on December 31, 2021. Mr. Wong Wing Kong’s resignation was not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.
On the same date, the Company’s Board of appointed Mr. Frederick Wong as independent director of the Company’s Board. Mr. Frederick Wong’s appointment will become effective on January 1, 2022.
Mr. Wong has almost 30 years’ experience in accounting, internal control, financial control and capital markets. He currently serves as Intelligent Living Application Group Inc. (Stock Code: ILAG.Nasdaq)’s Chief Financial Officer. He has served as compliance offer for China Finance Investment Holdings Limited (Stock Code: 0875.HK) from November 1, 2018 to May 31, 2020. Mr. Wong has also served as a member of the board of directors for On Real International Holdings Limited (now known as Cocoon Holdings Limited) (Stock Code: 8510.HK) since March 31, 2016 and Top Standard Corp. (Stock Code: 8245.HK) since January 24, 2020. From September 2017 to August 2018, Mr. Wong was the chief financial officer of O Media Limited, a Macau media company in gaming. He was a director of Network CN, Inc. (Stock Code: NWCN) in U.S.A. between September 2015 and July 2017, and the authorised representative and company secretary of China Oil Gangran Energy Group Holdings Limited (Stock Code: 8132.HK) from December 2015 to November 2016 and continued acting as the authorised representative until January 2017. Mr. Wong is a CPA of Hong Kong, CPA of Canada, CPA of Australia and fellow member of Hong Kong Institute of Taxation. Mr. Wong received a Bachelor of Business Administration from the Chinese University of Hong Kong in 1989, a Bachelor or Business from the University of Southern Queensland, Australia, in 1992 and studied EMBA courses offered by the Troy University (formerly known as Troy State University), Alabama, U.S. from 1999 to 2000.
There are no arrangements or understandings between Mr. Wong and any other persons pursuant to which they were selected as director and there are no transactions between the Company and any of them that would require disclosure under Item 404(a) of Regulation S-K.
The Company has not entered into written agreements with Mr. Wong, but the Company intends to enter agreements with them at a later date.
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.
Dated: January 5,2022
NETWORK CN INC. | ||
By: /s/ Earnest Leung | ||
Earnest Leung | ||
Chief Executive Officer |
Cover |
Jan. 05, 2022 |
---|---|
Cover [Abstract] | |
Document Type | 8-K |
Amendment Flag | false |
Document Period End Date | Jan. 05, 2022 |
Entity File Number | 000-30264 |
Entity Registrant Name | NETWORK CN INC. |
Entity Central Index Key | 0000934796 |
Entity Tax Identification Number | 90-0370486 |
Entity Incorporation, State or Country Code | DE |
Entity Address, Address Line One | Unit 802B-803, 8/F, Tower 2 |
Entity Address, Address Line Two | South Seas Centre, 75 Mody Road, TST |
Entity Address, City or Town | Kowloon |
Entity Address, Country | HK |
Entity Address, Postal Zip Code | 00000 |
City Area Code | 852 |
Local Phone Number | 9625 0097 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Common Stock, $0.001 par value |
Trading Symbol | NWCN |
Security Exchange Name | NONE |
Entity Emerging Growth Company | false |
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