Business Context and Reporting Period
This Form 6-K filing by Moxian (BVI) Inc (also referred to as Abits Group Inc) covers the month of October 2021. The report focuses on corporate governance changes, specifically board of director appointments and resignations, and a correction to a previous filing.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is a current report regarding corporate events and does not contain financial statements or performance metrics.
Material Changes
- Board Resignation: Effective October 11, 2021, Mr. William Yap Guan Hong resigned from the Board of Directors. The resignation was not due to any disagreement with the Company or its management.
- Board Appointment: Effective October 11, 2021, Mr. Xu Tao was appointed as a director and determined to be an independent director. He will serve as Chair of the Nominating and Corporate Governance Committee and as a member of the Audit and Compensation Committees.
- Correction of Record: A typographical error in a September 20, 2021 filing regarding CEO Mr. Conglin (Forrest) Deng's education was corrected. He graduated from Beijing Foreign Studies University in 2007, not 2017.
Guidance, Outlook, and Risks
The filing does not contain financial guidance, outlook, management commentary on business performance, or specific risk factors. The primary content relates to the background of the new director, Mr. Xu Tao, who has experience in online game distribution and bitcoin mining operations.
Key Facts for Investor Verification
- Verify the effective date of Mr. Xu Tao's appointment and his specific committee roles.
- Confirm the corrected graduation year (2007) for CEO Mr. Conglin (Forrest) Deng.
- Note that this filing contains no financial data; investors should refer to the most recent Form 20-F for financial performance.