Luduson G Inc. appointed new CEO

ITEM 5.02 - DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS.


Pursuant to the agreements described above, the Company appointed Ms. Ho Chi Wan as its Non-Executive Chairman and Director. In addition, Mr. Ka Leong Wong agreed to resign as director and Chief Executive Officer, and Mr. Lan Chan agreed to resign as director and Chief Financial Officer of the Company with immediate effect. Following the resignation of Mr. Wong and Mr. Chan, the Company appointed Mr. Man Fai Cheng as Director & Chief Executive Officer, Mr. Lap Yan Cheung as Director & Chief Operating Officer, and Mr. Eng Wah Kung as Chief Financial Officer of the Company. The Company thanks the outgoing directors for their service.


Mr. Man Fai Cheng, age 56, holds a Bachelor of Social Science degree from the University of Hong Kong. Mr. Fai is a film director, screenwriter and actor. He entered the Hong Kong film industry in 1995 as a scriptwriter and assistant director in the film "Ten Brothers". After that, he was involved as a scriptwriter, assistant director and actor in several Stephen Chow movies, including "The King of Comedy", "The Lucky Guys" and "The God of Cookery". In 2020, he started to become a film director. His directed movies include "Dragon Battle", "Swimsuit Queen" and "People Eater", which will be released in 2023 and 2024.


Mr. Lap Yan Cheung, age 55, has over 32 years of experience in the game industry. In addition to the development of video and PC games, he is also experienced in the marketing, promotion and monetization of mobile and social games. He was the pixel character designer of the world-famous Tamagotchi. He collaborated with Japanese game publisher CAPCOM and mobile phone designer Nokia to release "Street Fighter WAP" game. In 2014, he continued to expand the value of game markets, as he took the mission of promoting e-sports in Southeast Asia as the Vice President of Asia-Pacific E-Sports Association on December 1, 2016.


Mr. Eng Wah Kung, aged 62, holds a First Class Diploma in Hotel Management from Les Roches, Switzerland. He was the General Manager with Hic Inn, Cambodia prior to joining the Company. Mr. Kung has been a general manager for several Southeast Asian hotel operations companies since year 2003, including Nha Trang Lodge, Vietnam and NCL Cambodia Pte Ltd. He has over 33 years in the senior general management position in the Meetings/Incentives/Convention/Exhibition industry. He is responsible for over-seeing the future MICE operations of the Company using his extensive skills, knowledge and experience. In fact, Mr. Kung has established good working relationships with the central governments and local authorities of Cambodia, Vietnam and Malaysia.


No family relationship exists between Messrs. Ho Chi Wan and any other appointed Directors or executive officers of the Company. In addition, there has been no transaction, nor is there any currently proposed transaction between Messrs. Ms. Wan and any other appointed Directors or executive officers of the Company that would require disclosure under Item 404(a) of Regulation S-K.