CBAK Energy Tech Appoints New CFO, Director
Ticker: CBAT · Form: 8-K · Filed: Oct 25, 2024 · CIK: 1117171
| Field | Detail |
|---|---|
| Company | Cbak Energy Technology, Inc. (CBAT) |
| Form Type | 8-K |
| Filed Date | Oct 25, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001, $43,301.72 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, personnel
TL;DR
CBAK Energy Tech shakes up leadership: new CFO Zhaohui Li and director Jianhua Wang onboarded.
AI Summary
CBAK Energy Technology, Inc. announced on October 24, 2024, changes in its board of directors and executive officers. The company elected Mr. Jianhua Wang as a new director and appointed Mr. Zhaohui Li as the new Chief Financial Officer. These changes are effective immediately.
Why It Matters
Changes in key leadership roles like CFO and board members can signal shifts in company strategy or financial oversight, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in executive officers and directors can introduce uncertainty regarding future strategy and financial management.
Key Players & Entities
- CBAK Energy Technology, Inc. (company) — Registrant
- Jianhua Wang (person) — Elected as a new director
- Zhaohui Li (person) — Appointed as Chief Financial Officer
- October 24, 2024 (date) — Date of earliest event reported
FAQ
Who has been appointed as the new Chief Financial Officer of CBAK Energy Technology, Inc.?
Mr. Zhaohui Li has been appointed as the new Chief Financial Officer.
When were these leadership changes effective?
The changes were effective as of October 24, 2024.
Has CBAK Energy Technology, Inc. elected any new directors?
Yes, Mr. Jianhua Wang has been elected as a new director.
What is the exact name of the company filing this report?
The exact name of the registrant is CBAK Energy Technology, Inc.
In which state was CBAK Energy Technology, Inc. incorporated?
CBAK Energy Technology, Inc. was incorporated in Nevada.
Filing Stats: 728 words · 3 min read · ~2 pages · Grade level 10.5 · Accepted 2024-10-25 16:30:06
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value CBAT Nasdaq Capital Marke
- $43,301.72 — salary of RMB308,230.33 (approximately $43,301.72) from the Company. There is no family
Filing Documents
- ea0218630-8k_cbakenergy.htm (8-K) — 26KB
- 0001213900-24-090806.txt ( ) — 197KB
- cbat-20241024.xsd (EX-101.SCH) — 3KB
- cbat-20241024_lab.xml (EX-101.LAB) — 33KB
- cbat-20241024_pre.xml (EX-101.PRE) — 22KB
- ea0218630-8k_cbakenergy_htm.xml (XML) — 4KB
02. DEPARTURE OF DIRECTORS OR CERTAIN
ITEM 5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS. On and effective October 24, 2024, Mr. Yunfei Li resigned as Chief Executive Officer and President of the Company. Mr. Li's resignation was due to personal reasons and his planned retirement and not because of any disagreement with the Company on any matter relating to the Company's operations, policies or practices. On the same date, the Board of Directors of the Company appointed Mr. Zhiguang Hu as Chief Executive Officer and President of the Company. Mr. Zhiguang Hu, 42, is a long-term employee who has been with the Company since 2004 and has led our sales and marketing department, contributing significantly to the revenue growth of the Company's battery business in recent years. Since June 2023, he has held the position of Deputy General Manager in the Company's Sales and Marketing Department. Prior to this role, he served as the Director of Sales and Marketing at our subsidiary, Dalian CBAK Power Battery Co., Ltd., from January 2014 to May 2023. His experience also includes serving as the Director of the Sales and Marketing Department at BAK International (Tianjin) Co., Ltd. from January 2012 to December 2013, a former subsidiary of the Company. Before that, he was the Sales Manager at BAK International (Tianjin) Co., Ltd. from January 2008 to December 2011. Additionally, he managed Overseas Business and Key Accounts at Shenzhen BAK Battery Co., Ltd., another former subsidiary of the Company, from July 2004 to December 2007. Mr. Hu graduated from Lanzhou Business College (now Lanzhou University of Finance and Economics) in July 2004, earning a degree in Business Administration. Mr. Zhiguang Hu is entitled to receive an annual salary of RMB308,230.33 (approximately $43,301.72) from the Company. There is no family relationship that exists between Mr. Zhiguang Hu and any directors or executive officers