Posted 10 April, 2024
Summit Networks Inc. appointed new CEO
CEO Change detected for ticker OTC:SNTW in a 8-K filed on 10 April, 2024.
On April 10 2024, Ms. Shuhua Liu resigned as CEO of Summit Networks Inc. (the "Company").
Don't how to trade CEO change? Read Reasons for CEO Turnover and Effect on Stock Performance.
Overview of Summit Networks Inc.
Relevant filing section
ITEM 5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS. Departure Of Director Or Certain Officer On April 10 2024, Ms. Shuhua Liu resigned as CEO of Summit Networks Inc. (the "Company"). Ms. Liu's decision to resign was not the result of any dispute or disagreements with the Company on any matter relating to the Company's operation, policies (including accounting or financial policies) or practices. Election of Directors and Appointment Of Certain Officers On April 10, 2024, the board of directors (the "Board") appointed the following individuals of the Company: Mr. Stephen Kok Koon Tan ("Mr. Tan") as the new CEO as well as a Director; and Xian Nan Zheng as Board Secretary ("Ms. Zheng") and she will remain as a Director. At this time, the Company and these individuals have not entered into any arrangement regarding the payment of compensation for acting as an officer or a director of the Company. Mr. Tan, Canadian, age 61, Owner of cabinet manufacturers, including St Mega Enterprises Inc founded in 2017, and located in British Columbia, Canada. As the actual founder and controller of the companies, Mr. Tan is in charge of the design, manufacture and installation of wood products including cabinets, construction and renovation of houses. With more than 36 years of working experience of building houses and light commercial structures, Mr. Tan is open-minded and creative in expanding new business models. In 1988 he earned a bachelor's degree in Building Construction at the British Columbia Institute of Technology, located in located in Burnaby, British Columbia Canada. Ms. Zheng, Canadian, age 43, was employed from 2014 through 2018 as General Manager and Director for Shanghai Timeless International Transportation Co., Ltd. ("STIT") in Shanghai, China. STIT is engaged in international logistics, customs clearance and international trade business. Ms. Zheng specializes in business management and has many years of experience in departmental and corporate administration and financial management. In 2018, Ms. Zheng earned a Master's Degree in Business Administration at Northwestern Polytechnic University, located in Vancouver, Canada in 2008.
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