Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
Effective September 30, 2021, Ms. Dongdong Lin resigned her position as CEO of
Sunwin Stevia International, Inc. (the "Company") due to personal reasons. Ms.
Lin's resignation is not due to any disagreement with the Company on any matter
related to operations, policies, or practices.
On September 30, 2021, the Company appointed Mr. Jianjun Yan as CEO of the
Company and as General Manager of Qufu Natural Green Engineering Co., Ltd ("Qufu
Natural Green"), a wholly owned subsidiary of the Company. Mr. Yan, 52 years
old, is currently serving as a Director of the Company, and has over 18 years of
experience in the pharmaceutical production industry. Graduated from Hunan
Medical University in 1993, Mr. Yan has worked in various positions in multiple
pharmaceutical companies, such as Hunan Pharmaceuticals, Shandong Haisen
Pharmaceuticals, Shandong Haishan Pharmaceuticals, etc. Since June 2021, Mr. Yan
has also successfully founded and managed his own pharmaceutical production
technology company, Qufu Shenghao Biotech Co., Ltd. We believe Mr. Yan's
expertise and experience in the industry will be greatly beneficial to the
future growth of the Company.
Mr. Yan is a party to multiple related party loans to the Company and has no
family relationship with any other executive officer or director. In accordance
with Mr. Yan's employment agreement, Mr. Yan will serve as CEO for a term of 5
years, from October 1, 2021 to September 30, 2026, the terms may be extended or
renewed upon the agreement between both parties before the expiration date of
the agreement. Mr. Yan's compensation for his management position includes an
annual wage of RMB 150,000 (approximately $23,000), reasonable work-related
travel reimbursements and other employee benefits as stated in company employee
policy.
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