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Posted 26 January, 2024

Tianci International, Inc. appointed new CEO

CEO Change detected for ticker OTC:CIIT in a 8-K filed on 26 January, 2024.


  On the same day, the Board of Directors appointed Shufang Gao to serve as the Chairman of the Board of Directors. Shufang Gao is the Registrant's Chief Executive Officer and a member of the Board of Directors; information regarding Shufang Gao may be found in the Management section of the Registrant's Annual Report on Form 10-K filed on October 23, 2023.  

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Overview of Tianci International, Inc.
Consumer Goods • Toys & Games
Tianci International, Inc. is a blank check company, which engages in identifying and merging with an operating company. It focuses on a long-term growth potential through a combination with a business rather than immediate, short-term earnings. The company was founded on June 13, 2012 and is headquartered in Reno, NV.
Market Cap
$35.3M
View Company Details
Tianci International, Inc. by TradingView
Relevant filing section
ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICER; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS 


On January 23, 2024 Shufang Gao resigned from his position as the Registrant's Chief Financial Officer. On the same day, the Board of Directors appointed Wei Fang to serve as the Registrant's Chief Financial Officer. Wei Fang is a member of the Board of Directors; information regarding Wei Fang may be found in the Management section of the Registrant's Annual Report on Form 10-K filed on October 23, 2023.


On January 23, 2024 Zhigang Pei resigned from his position as Chairman of the Registrant's Board of Directors and as a member of the Board of Directors. Mr. Pei confirmed that his resignation was not due to any disagreement on any matter relating to the Registrant's operations, policies or practices. On the same day, the Board of Directors appointed Shufang Gao to serve as the Chairman of the Board of Directors. Shufang Gao is the Registrant's Chief Executive Officer and a member of the Board of Directors; information regarding Shufang Gao may be found in the Management section of the Registrant's Annual Report on Form 10-K filed on October 23, 2023.


On January 23, 2024, the Board of Directors determined that the number of members of the Board of Directors will be seven. The Board thereupon appointed Juan Chang and Guilin Zhang to fill the vacancies and serve as members of the Board of Directors until the next annual meeting of the Shareholders and the election of their successors. The Board committed to pay to each of the two new directors a fee of U.S. $1,300 per month for their service on the Board.


Information concerning the two new members of the Board of Directors follows:


Juan Chang. Ms. Chang has been employed since 2003 by Suning.com Co., Ltd., with increasing levels of responsibility during her tenure for financial management and related matters. In 2015 Ms. Chang was awarded an MBA degree by Tsinghua - Chinese University of Hong Kong. She earned her Bachelor degree with a concentration in Management from the Xi'an University of Finance and Economics. Ms. Chang is 44 years old. She was appointed to the Board primarily to provide her expertise in financial management.


Guilin Zhang. In 2013 Mr. Zhang organized GuoChuang International Holdings Co., Ltd. and GC Resources Co., Ltd. He has served, since that time, as Executive Director and CEO of those companies. Previously, from 2002 to 2011, Mr. Zhang was employed as Vice President of North China Shipping Holdings Ltd. and as General Manager of Continental Minerals Co., Ltd. From 1994 to 2002, Mr. Zhang held executive positions in the shipping industry. Mr. Zhang is 66 years old. He was appointed to the Board primarily to provide his expertise in the business of freight forwarding.