MDJM LTD Director Resigns, New Director Appointed
Ticker: UOKA · Form: 6-K · Filed: Nov 1, 2024 · CIK: 1741534
| Field | Detail |
|---|---|
| Company | Mdjm Ltd (UOKA) |
| Form Type | 6-K |
| Filed Date | Nov 1, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: director-change, resignation, appointment
TL;DR
MDJM director Liang Zhang out, Yuan Gong in. Personal reasons cited.
AI Summary
MDJM LTD announced the resignation of Mr. Liang Zhang as a director on October 28, 2024, citing personal reasons. Mr. Zhang will continue as a shareholder. The filing also notes the appointment of Mr. Yuan Gong as a director to fill the vacancy.
Why It Matters
Changes in directorship can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The resignation is attributed to personal reasons and the company has appointed a replacement director, indicating a smooth transition.
Key Players & Entities
- MDJM LTD (company) — Company filing resignation and appointment
- Mr. Liang Zhang (person) — Resigned director
- October 28, 2024 (date) — Effective date of resignation
- Mr. Yuan Gong (person) — Appointed director
FAQ
What were the specific personal reasons for Mr. Liang Zhang's resignation?
The filing states Mr. Zhang's resignation was due to personal reasons, but does not provide specific details.
Will Mr. Liang Zhang's resignation impact the company's stock price?
The filing does not provide information to predict the impact on the company's stock price.
What is Mr. Yuan Gong's background and experience?
The provided text does not include details about Mr. Yuan Gong's background or experience.
When was Mr. Yuan Gong appointed as a director?
The filing indicates Mr. Yuan Gong was appointed to fill the vacancy left by Mr. Zhang's resignation, but the exact appointment date is not specified in this excerpt.
Does MDJM LTD expect any further changes in its board of directors?
The filing does not mention any expectation of further changes in the board of directors.
Filing Stats: 551 words · 2 min read · ~2 pages · Grade level 10.2 · Accepted 2024-11-01 09:00:08
Filing Documents
- tm2427054-1_6k.htm (6-K) — 10KB
- 0001104659-24-113289.txt ( ) — 11KB
From the Filing
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of November 2024 Commission File Number: 001-38768 MDJM LTD Fernie Castle, Letham Cupar, Fife, KY15 7RU United Kingdom (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F Form 40-F ¨ Resignation of Mr. Liang Zhang On October 28, 2024, Mr. Liang Zhang (“Mr. Zhang”) notified MDJM LTD (the “Company”) of his resignation as a director of the Company, effective October 28, 2024. Mr. Zhang has advised that his resignation was due to personal reasons and not a result of any disagreement with the Company on any matter related to the operations, policies, or practices of the Company. Mr. Zhang intends to continue contributing to the development of the Company as a shareholder of the Company. Appointment of Mr. Yuan Gong as Director To fill in the vacancy created by the resignation of Mr. Zhang, on October 28, 2024, the Nominating and Corporate Governance Committee (the “Nominating Committee”) of the board of directors (the “Board”) of the Company recommended, and the Board appointed, Mr. Yuan Gong (“Mr. Gong”) to serve as a director of the Company, effective October 28, 2024. Mr. Gong, age 51, has over 15 years of business and managerial experience. Mr. Gong served as the Chief Financial Officer (“CFO”) of Tungray Technologies Inc (Nasdaq: TRSG), an engineer-to-order company providing tooling and customized industrial manufacturing solutions to original equipment manufacturers, from February 2023 to September 2024. Mr. Gong has served as an advisor for Weitian Group, an investor relations consultancy firm, since December 2020. Previously, he served as the CFO of Guoyi Capital Management Co., Ltd., a fintech company, from January 2018 to September 2020. Before that, he served as a Partner at Jessie International LLC, an investment and financial advisory firm, between March 2008 and December 2017, providing investment and financial advisory services. From December 2009 to December 2011, he served as CFO in China Energy Corp., which is a client of Jessie International Consulting (“Jessie International”). From July 2008 to December 2009, he was the Vice President in Capital Markets for China Integrated Energy, which was also a client of Jessie International. From September 2007 to March 2008, he was the Board Secretary and Director of Investor Relations of Xinyuan Real Estate Co., Ltd. (NYSE: XIN), a real estate developer. Mr. Gong graduated from Peking University in 1997 with a Bachelor of Art degree in English Language and from the University of Delaware in 2003 with an MBA. He is a Chartered Financial Analyst. There are no family relationships between Mr. Gong and any director or executive officer of the Company. To the best knowledge of the Company, there is no understanding or arrangement between Mr. Gong and any other person pursuant to which he was appointed as a director. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Dated: November 1, 2024 MDJM LTD By: /s/Siping Xu Name: Siping Xu Title: Chief Executive Officer