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Posted 18 January, 2024

BALLY, CORP. appointed Shitong Li as new CEO

OTC:BLYQ appointed new Chief Executive Officer Shitong Li in a 8-K filed on 18 January, 2024.


  Shitong Li was appointed by the Board of Directors of the Company (the "Board") as Chief Executive Officer, Chief Financial Officer and Secretary of the Company, effective as of the Effective Date.  

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Overview of BALLY, CORP.
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Bally Corp. operates as an ecommerce development stage company, which engages in seeking opportunities with established business entities for merger with or acquisition of a target business. The company was founded on March 13, 2013, and is headquartered in Pudong, China.
Market Cap
$2.36M
View Company Details
BALLY, CORP. by TradingView
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


In connection with the change in control, Haiping Hu, the Company's Chief Executive Officer, Chief Financial Officer, Secretary, and sole director, has tendered his resignation from all of his officer positions with the Company and as the sole director, which resignation will become effective ten days after the mailing of the Schedule 14f-1(the "Effective Date") filed with the SEC and mailed on January 18, 2024.


Shitong Li was appointed by the Board of Directors of the Company (the "Board") as Chief Executive Officer, Chief Financial Officer and Secretary of the Company, effective as of the Effective Date. In addition, the Board has appointed Kaichen Zheng as the sole director to fill the vacancy created following and simultaneously as the effectiveness of Haiping Hu's resignation.


Mr. Kaichen Zheng has been serving as the president of Hangzhou Zhigu Digital Energy Technology Co., Ltd. since March 2021. From June 2019 to February 2021, Mr. Zheng served as the general manger of Jinan Xiantou Management Consulting Co., Ltd. From January 2018 to May 2019, Mr. Zheng served as the head of industrial development department of Jinan Xianxing Investment Group Co., Ltd. From January 2013 to December 2017, Mr. Zheng served as the deputy general manager of Shaanxi Culture Technology Group Co., Ltd. From May 2010 to December 2012, Mr. Zheng served as the marketing director of Shanghai Tanghetang Biotechnology Co., Ltd. Mr. Zheng obtained his bachelor's degree in environmental art design from Xinyang Normal University.


Mr. Shitong Li has been serving as Chief Executive Officer of Hangzhou Zhigu Digital Energy Technology Co., Ltd. since 2021. From January 2017 to February 2021, Mr. Li served as the general manager of Chuangrong Payment Co., Ltd. Mr. Li obtained his bachelor's degree in logistics management from Zhengzhou University.


Mr. Kaichen Zheng and Mr. Shitong Li are not currently compensated for serving in any of their positions as officers or directors of the Company. There is no family relationship among any of our directors or executive officers. There have been no transactions regarding Mr. Zheng or Mr. Li that are required to be disclosed pursuant to Item 404(a) of Regulation S-K.


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