UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Item 5.02, Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers;
Ms. Shirley Cheng, the Chief Financial Officer, Corporate Secretary and Director of Network CN Inc. (the “Company”) notified the Company of her intention to resign from her position for personal reasons. Ms. Cheng’s resignation will become effective on May 12, 2024.
Ms Cheng’s resignation was not because of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.
The Company’s Board of Directors is in the process of vetting suitable candidates to appoint as the Company’s new Chief Financial Officer and will announce any such appointment as soon as it is complete.
On May 2, 2024, the Company’s board of directors appointed Mr. Peter Li to serve as the Company’s Vice President – Finance, effective immediately.
Mr. Peter Li possesses over 35 years of experience in the field of accounting, financial management and internal control. During 2022 to 2023, Mr. Li worked as Director of Corporate Services, in UNICEF Hong Kong, a multinational NGO for the benefit of international children care. In 2017 to 2022, he worked as consultant on Pre-IPO investment, merge & acquisition, and investment finance projects. Mr. Li also worked in a non-profit making entity in 2013 to 2014, that managed one of the Hong Kong largest Revitalising projects which included hostel and exhibition halls. During 2007 to 2013, Mr. Li worked as Group Financial Controller in a Hong Kong toys manufacturing group with manufacturing plants in the PRC. During that time, a subsidiary of the group was preparing for pre-IPO project in Shenzhen. Mr. Li was appointed as Chief Financial Officer and Company Secretary of Man Shing Global Holdings Limited during 2015, the Group was listed on the GEM Board of Hong Kong in Apr 2017 (Stock Code: 8309.HK). Mr. Li responsible for managing the floatation of the Group during that time. Being the Head of Finance, he oversees the Group's corporate governance, financial planning, and management. Mr. Li obtained a certificate in accountancy from the Hong Kong Polytechnic. He is a fellow member of the Hong Kong Institute of Certified Public Accountants and fellow member of the Association of International Accountants. Mr. Li is not, and has not been, a participant in any transaction with the Company that requires disclosure under Item 404(a) of Regulation S-K. There is no family relationship between Mr. Li and any director, executive officer, or person nominated or chosen by the Company to become a director or executive officer.
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.
Dated: May 10, 2024
| NETWORK CN INC. | ||
| By: /s/ Earnest Leung | ||
|
Earnest Leung Chief Executive Officer |