ZK International : Departure and Appointment of Chief Financial Officer - Form 6-K
July 26, 2023 at 05:47 pm EDT
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Departure and Appointment of Chief Financial Officer
On July 20, 2023, Ms. Shaochai Yang tendered her resignation as the Chief Financial Officer of ZK International Group Co., Ltd. (the "Company") to the Board of Directors of the Company (the "Board"), effective immediately. Ms. Yang's resignation was for personal reasons and was not due to any disagreement with the Company. To fill the vacancy created by Ms. Yang's resignation, on July 21, 2023, the Board appointed Ms. Xiaofen Jin to serve as the Company's Chief Financial Officer, effective on the same date.
Xiaofen Jin, age 43, has served as the Chief Financial Officer of the Company's PRC subsidiary, Zhejiang Zhengkang Industrial Co., Ltd. since March 2023. Ms. Jin has over ten years of experience in accounting and financial management. Prior to joining the Company, she served as the Chief Financial Officer of Zhejiang Kingstone Houseware Co., Ltd., a kitchen knives and cutlery manufacturer from October 2021 to February 2023. From April 2019 to October 2021, Ms. Jin served as the Chief Financial Officer of Fangzheng Valve Group Co., Ltd., an industrial valves manufacturer. From March 2015 to February 2019, Ms. Jin served as the Chief Financial Officer of Wenzhou Jiahe Investment Management Co., Ltd., a capital markets financial service company. From May 2011 to March 2015, Ms. Jin served as a Financial Manager of Zhejiang YAT Electric Appliance Co., Ltd., a garden machinery, electric tools and intelligent products manufacturer. Ms. Jin received an associate's degree in Electronic Data Processing Accounting from Zhejiang University of Finance & Economics in 2002.
Effective July 21, 2023, the Company and Ms. Jin entered into an employment agreement (the "Employment Agreement"). Under the Employment Agreement, Ms. Jin is entitled to an annual salary of RMB198,000 (approximately $27,500) for her services as the Chief Financial Officer of the Company. She is also entitled to participate in the Company's equity incentive plans and other benefits, each as determined by the Board from time to time. Her employment has an initial term until March 5, 2026 or until her earlier death, resignation or removal. The Employment Agreement is qualified in its entirety by reference to the complete text of the agreement, which is filed hereto as Exhibit 4.1.
Ms. Jin has no family relationships with any director or executive officer of the Company. There are no transactions between the Company and Ms. Jin that will be required to be reported pursuant to Item 404(a) of Regulation S-K.
Exhibits
Exhibit
Number
Description of Exhibit
4.1
Employment Agreement between ZK International Group Co., Ltd. and Xiaofen Jin, dated July 21, 2023
ZK International Group Co. Ltd. published this content on 26 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 July 2023 21:45:04 UTC.
ZK International Group Co Ltd is a China-based company principally engaged in the design and production of pipes and fittings, such as double-press thin-walled stainless steel tubes and fittings, carbon steel tubes and fittings and single-press tubes and fittings. The Company mainly operates its business through its subsidiary Zhejiang Zhengkang Industrial Co., Ltd. The Companyâs products include steel strip, light gauge stainless steel pipe (LGSSP), pipe connections and fittings, fittings to change a pipe's direction, pipe fittings to connect two or more pipes, pipe fittings to change pipe size and pipe fitting tools. The Companyâs products are used in a range of applications, including water and gas transmission within urban infrastructural development, residential housing development, oil and gas exploitation, and agricultural irrigation. The Company's products are primarily sold in China, and also exported and distributed in Europe, Africa and Southeast Asia.
ZK INTERNATIONAL GROUP CO., LTD. 
