Welsis Corp. Reports Change in Control and Executive Departures

TL;DR

Welsis Corp. just had a change in control and a bunch of execs/directors left/joined. Big shakeup.

AI Summary

Welsis Corp. announced on April 1, 2024, a change in control of the company. Additionally, the company reported the departure of certain officers and directors, the election of new directors, and updates to compensatory arrangements for its officers. The filing also notes other events that occurred on the same date.

Why It Matters

Significant changes in corporate leadership and control can impact a company's strategic direction, operational stability, and shareholder value.

Risk Assessment

Risk Level: medium — Changes in control and executive departures often introduce uncertainty regarding future strategy and operations, which can be a medium-term risk.

Key Players & Entities

• Welsis Corp. (company) — Registrant
• April 1, 2024 (date) — Date of earliest event reported
• 701 E Cathedral Rd. Ste 45 PMB 405 Philadelphia, PA 19128 (address) — Principal executive offices
• 215-552-8991 (phone_number) — Registrant's telephone number

FAQ

Filing Documents

• welsis_8k.htm (8-K) — 29KB
• 0001683168-24-002084.txt ( ) — 198KB
• none-20240401.xsd (EX-101.SCH) — 3KB
• none-20240401_lab.xml (EX-101.LAB) — 33KB
• none-20240401_pre.xml (EX-101.PRE) — 22KB
• welsis_8k_htm.xml (XML) — 4KB

01 Changes in Control of Registrant

Item 5.01 Changes in Control of Registrant. On March 13, 2024, Dusan Zindovic, the previous majority shareholder of Welsis Corp. (the "Company"), entered into a stock purchase agreement for the sale of 2,000,000 shares of Common Stock of the Company to Skywest Pinnacle Limited. The closing of the purchase and sale occurred on April 1, 2024. As a result of the acquisition, Skywest Pinnacle Limited holds approximately 73% of the issued and outstanding shares of Common Stock of the Company, and as such it is able to unilaterally control the election of our board of directors, all matters upon which shareholder approval is required and, ultimately, the direction of our Company. Also effective April 1, 2024, the previous sole officer and director of the company, Dusan Zindovic, resigned his positions with the Company. Upon such resignations, Kwok Boon Kit was appointed as Chief Executive Officer, Treasurer and Secretary, and Director of the Company.

02 Departure of Directors

Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers. The disclosures set forth in Item 5.01 above are incorporated by reference into this Item 5.02(a). The business background description of the newly appointed officer and director is as follows: Officer and Director – Kwok Boon Kit Mr. Kwok Boon Kit, age 43, previously served as associate general manager at CoreAct Design Ltd from May 2019 to October 2022. Prior to that appointment, Mr. Kwok was department head at Elkay Digital from August 2015 to April 2019. Mr. Kwok attended Universiti Sultan Azlan Shah and obtained his Bachelor of Management Studies in 2003.

01 Other Events

Item 8.01 Other Events . Change in Address of Company On April 1, 2024, the Company's location and the location of the Company's books and records has changed from Bulevar Mihajla Pupina 115, Belgrade, Serbia 11070, to 701 E Cathedral Road, Suite 45 PMB 405, Philadelphia, PA 19128 2

SIGNATURES

SIGNATURES 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 hereunto duly authorized. WELSIS CORP. Date: April 3, 2024 By : /s/ Kwok Boon Kit Name: Kwok Boon Kit Title: CEO 3

View Full Filing

View this 8-K filing on SEC EDGAR