Business Context and Reporting Period
This Form 6-K filing by Reto Eco-Solutions, Inc. covers the month of June 2019, with the report dated June 17, 2019. The filing serves to disclose material corporate governance changes regarding the Chief Financial Officer (CFO) position.
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
- CFO Resignation: Yuxia Jia resigned as CFO effective June 11, 2019, for personal reasons. The resignation was by mutual agreement and is unrelated to any dispute, financial condition, or accounting practices.
- Role Transition: Ms. Jia was appointed Senior Assistant to the Chairman of the Board effective immediately.
- New CFO Appointment: Mr. Bin Li, previously the acting Finance Manager, was appointed CFO effective June 11, 2019.
Management Commentary and Employment Terms
Mr. Li's appointment is governed by an employment agreement dated April 1, 2019, amended on June 11, 2019. Key terms include:
- Compensation: Annual salary of RMB 240,000 (approximately $36,000).
- Commitment: Minimum of forty hours per week dedicated to the Company.
- Term: Initial term of three years, subject to renewal.
- Background: Mr. Li previously served as CFO of China Merchants Union Group Co., Ltd. and held various finance management roles from 1997 to 2019.
Investor Verification Checklist
- Verify the effective date of the CFO transition (June 11, 2019).
- Confirm the stated reason for the resignation (personal reasons, no dispute).
- Review the attached Exhibit 10.1 for the full text of Mr. Li's Employment Agreement.
- Note that no financial results or operational metrics are included in this specific filing.