Business Context and Reporting Period
This Form 6-K filing by Chijet Motor Company, Inc. (not Digital Currency X Technology Inc.) covers the month of September 2025, with a filing date of September 12, 2025. The report details significant changes to the Company's Board of Directors and executive management.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is strictly a disclosure of corporate governance changes and contains no financial performance data.
Material Changes
Board of Directors Resignations
- Effective September 10, 2025, five directors resigned: Mr. Hongwei Mu, Mr. Jiannong Zhang, Mr. Lichun Wu, Ms. Na Wang, and Ms. Jing Zhang.
- The resignations were not based on any disagreement with the Company regarding operations, policies, or practices.
Board of Directors Appointments
- Ms. Melissa Chen was appointed as a director. She previously served as director of HR and operations at Singularity Future Technology Ltd.
- Mr. Jonathan Zhang was appointed as an independent director. He is the CEO of 5CGroup International Asset Management Co., Ltd. and a director of SOS Ltd (Nasdaq: SOS).
- Mr. Huijie Gao was appointed as an independent director. He is the CFO of Jiuzi Holdings, Inc. (Nasdaq: JZXN).
Management Changes
- Mr. Hongwei Mu was removed from the office of Chief Executive Officer (CEO) effective immediately and without compensation for the loss of office.
- Ms. Melissa Chen was appointed as the new CEO, effective September 10, 2025.
Committee Composition
The Board now consists of five members. The Audit Committee is chaired by Mr. Huijie Gao, the Compensation Committee by Mr. Wenbo Wang, and the Nominating and Corporate Governance Committee by Mr. Jonathan Zhang.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for financial guidance, future outlook, specific risk factors, or contingencies. The document focuses solely on the transition of leadership.
Key Facts for Investor Verification
- Verify the immediate removal of the former CEO, Mr. Hongwei Mu, and the lack of severance compensation.
- Confirm the qualifications and potential conflicts of interest for the new CEO, Ms. Melissa Chen, and the two new independent directors.
- Review the Company's recent operational performance to understand the context of the sudden leadership overhaul.
- Check for any subsequent filings regarding the strategic direction under the new management team.