Business Context and Reporting Period
This Form 6-K filing by Hebron Technology Co., Ltd. (not AIOS Tech Inc.) covers the month of August 2019. The report discloses a material change in executive management regarding the appointment of a new Chief Financial Officer (CFO).
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
- Executive Resignation: Mr. Steven Fu resigned as CFO effective August 8, 2019. The Board accepted the resignation with no stated disagreement.
- New Appointment: Ms. Changjuan Liang was appointed as the succeeding CFO effective August 8, 2019.
- Employment Terms: Ms. Liang's employment agreement runs from August 8, 2019, through July 31, 2022. Her annual salary is set at $48,473 plus standard employee benefits.
Management Commentary and Risks
Background: Ms. Liang previously served as CFO of Fintech (Shanghai) Investment Holding Co., Ltd., a subsidiary of NiSun International Enterprise Management Group, which Hebron acquired on July 12, 2019. She also held senior financial roles at Shanghai NiSun Enterprise Management Group and Chubutsu Precise Electronic Company Limited.
Contractual Risks: The employment agreement includes specific termination clauses under Chinese law. In the event of a breach by the Registrant, damages equal to twice the financial compensation under China's Labor Contract Law, Article 47, are owed. In the event of a breach by Ms. Liang, she is liable for application/training fees, direct economic losses, and agreed compensation costs.
Investor Verification Checklist
- Verify the exact date of the acquisition of NiSun International Enterprise Management Group (stated as July 12, 2019) to confirm the timeline of Ms. Liang's prior employment.
- Confirm the total compensation package for Ms. Liang beyond the stated base salary of $48,473.
- Review the full text of Exhibit 10.1 (Employment Agreement) for additional covenants or non-compete clauses not summarized in the filing.
- Check subsequent filings for any financial impact resulting from the leadership transition.