Business Context and Reporting Period
Company: Eastern International Ltd.
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Reporting Period: August 2026 (Filing Date: August 20, 2026)
Principal Executive Offices: Hangzhou, Zhejiang Province, China
Key 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 event disclosure regarding corporate governance and does not contain financial statements.
Material Changes
The primary material change disclosed is the appointment of two new independent directors to the Board of Directors, effective August 18, 2026:
- Mr. K. Brice "Rick" Toussaint: Appointed as a Board member, Chairman of the Audit Committee, and member of the Nominating and Corporate Governance Committee and Compensation Committee. He is designated as an "audit committee financial expert."
- Mr. Bin Zhou: Appointed as a Board member, Chairman of the Compensation Committee, and member of the Audit Committee and Nominating and Corporate Governance Committee.
Guidance, Outlook, and Management Commentary
Director Compensation: Under the new Director Agreements, each new director will receive US$2,500 per month, payable quarterly, plus reimbursement of expenses.
Independence: The Board has deemed both appointees "independent directors" under NASDAQ Rule 5605(a)(2). There are no family relationships between the new directors and existing officers, nor any undisclosed arrangements regarding their appointments.
Outlook: The filing text does not provide a clear value for future guidance or operational outlook.
Investor Verification Checklist
- Verify the qualifications and prior board service of Mr. Toussaint (e.g., Bit Origin Limited, Frontera Group, Principal Solar) and Mr. Zhou (e.g., Myos Rens Technology, Bernard & Yam, LLP).
- Confirm the total annualized cost of the new director appointments (US$60,000 combined per year in base fees).
- Review the full text of the Director Agreement (Exhibit 10.1) for specific confidentiality and non-disclosure obligations.
- Check subsequent filings for any impact on the composition of the Audit Committee and Compensation Committee.