Item 5.02 Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers
On February 15, 2022, Mr. Tham Soon Hua ("Mr. Tham") resigned as the Chief
Executive Officer and Director of Xenous Holdings, Inc. (the "Company"). Mr.
Tham's resignation was effective immediately. Prior to his resignation, Mr. Tang
Wai Kee ("Mr. Tang") was appointed as a Director and the Chairman of the board
of Directors. There were no disagreements between Mr. Tham and the Company on
any matter relating to the Company's operations, policies or practices, which
resulted in their resignation.
On February 18, 2022, Mr. Shrikumar Vasant Mordekar ("Mr. Mordekar"), resigned
as the Chief Financial Officer and Director of the Company, and Mr. Ronald Paul
Cartey ("Mr. Cartey"), resigned as a Director and company secretary of the
Company, with immediate effect. Prior to their resignations, Mr. Jonathan Chan
Ye Earn ("Mr. Chan") as the new Chief Executive Officer and a Director of the
Company, and Ms. Stephanie Mak were appointed as the Company's new Chief
Financial Officer and a Director of the Company. There were no disagreements
between Mr. Cartey and Mr. Mordekar and the Company on any matter relating to
the Company's operations, policies or practices, which resulted in their
resignation.
The biographies for Mr. Tang, Mr. Chan and Ms. Stephanie Mak are set forth
below:
Mr. Tang Wai Kee serves as our chairman of the board of directors and a
Director. Mr. Tang has more than 30 years of experience in the finance industry.
Prior to joining us, Mr. Tang worked for Xin Tian Dou Asset Management Limited
since June 2019 as the chief executive officer and an independent nonexecutive
director of AsiaPac Financial Investment Company Limited (HKEx: 8193) since
September 2017. From June 2011 to May 2019, Mr. Tang worked for various
Securities Finance Commission licensed corporations in a top management role in
Hong Kong, namely, the Thunder Capital Limited, Dakin Asset Management Limited,
China Finance KAB Asset Management Limited and Goldenway Investments (HK)
Limited. Mr. Tang obtained his Master of Science degree in financial economics
from SOAS University of London in February 1995 and his bachelor's degree in
Biology from the Chinese University of Hong Kong in May 1983. Currently, Mr.
Tang is the vice president of the Financial Technical Analysts Association, a
branch of The International Federation of Technical Analysts in the Greater
China region since May 2015. Mr. Tang is also an individual member of the Global
Association of Risk Professionals since September 2021, a permanent member of
Hong Kong Stockbrokers Association Ltd since 1996 and an individual member of
the Market Technician Association since January 2020.
Mr. Jonathan Chan Ye Earn serves as our chief executive officer and a Director.
Since September 2018, Mr. Chan has been serving as the firm's partner of Messrs
Anya Tan, Jon Chan & Co before renaming the firm to Messrs Jonathan & Joshua
from July 2020 till current, a law firm in Malaysia. From January 2017 to
September 2018, Mr. Chan served as legal associate of Messrs Ng, Gan & Partners,
a law firm in Malaysia. Mr. Chan obtained his Bachelor of Laws from the
University of Hertfordshire in the United Kingdom in 2014 and his Malaysian
Certified of Legal Practice in 2015.
Ms. Stephanie Mak serves as our chief financial officer and a Director. Since
May 2011, Ms. Stephanie Mak has been the deputy chief finance officer of
Konsortium Multimedia Swasta Sdn Bhd. A company which provide internet based
services and offers online booking, conducting examinations, summons checking,
and identifying the bankruptcy status. Ms. Stephanie Mak has been a chartered
accountant of the Malaysia Institute of Accountants.
Mr. Tang, Mr. Chan and Ms. Stephanie Mak have no family relationships with any
of the executive officers or directors of the Company. There are no employment
agreements between the Company and Mr. Tang, Mr. Chan and Ms. Stephanie Mak, nor
are there any arrangements or plans in which the Company will provide
compensation, bonus, pension, retirement, or similar benefits to Mr. Tang, Mr.
Chan and Ms. Stephanie Mak. There have been no transactions to which the Company
was or is to be a party, in which Mr. Tang, Mr. Chan and Ms. Stephanie Mak had,
or will have, a direct or indirect material interest.
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