UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of August 2021
Commission File Number: 001-36664
Roan Holdings Group Co., Ltd.
147 Ganshui Lane, Yuhuangshannan Fund Town
Shangcheng District
Hangzhou, Zhejiang
The People’s Republic of China
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):☐
Explanatory Note
I. Chief Executive Officer Replacement
On August 25, 2021, Mr. Junfeng Wang submitted to the Board of Director (the “Board”) his letter of resignation as the Chief Executive Officer (“CEO”) of Roan Holdings Group Co, Ltd. (the “Registrant”). Mr. Wang’s resignation was not the result of any disagreement with the Registrant, the Registrant’s management or the Board.
On August 25, 2021, the Board and the Nominating Committee of the Registrant appointed Mr. Zhiyong Tang as its CEO, effective immediately.
Mr. Zhiyong Tang is currently serving as President of Zhejiang Lixin Enterprise Management Group Co., Ltd. Prior to that, Mr. Tang served as General Manager of Zhejiang Jing Yu Xin Financing Guarantee Co., Ltd. from 2015 to 2018; President of Zhongchuang International Finance Leasing Co., Ltd. from 2013 to 2015; Executive Vice President of China Financial Services Holdings Ltd. from 2010 to 2012; General Manager of Huale Tongda (Beijing) International Investment Management Registrant from 2004 to 2010. In addition, Mr. Tang worked in the Northern Investment Group Co., Ltd. from 1999 to 2004. Mr. Tang earned a master’s degree in accounting and finance science from Hongkong Baptist University in 2015 and a master’s degree in public administration from Liaoning University in 2012.
II. Chief Financial Officer Replacement
Ms. Lifang Lou who was hired as the Registrant’s Acting Chief Financial Officer on May 7, 2021 to act as the Registrant’s Acting Chief Financial Officer until the Registrant finds a permanent Chief Financial Officer.
On August 25, 2021, the Board and the Nominating Committee of the Registrant appointed Mr. Wenhao Wang as its Chief Financial Officer, effective immediately.
Mr. Wenhao Wang served as a managing director of investment banking of Southwest Securities Co., Ltd. from 2015 to 2021. Before joining the Company, he has worked in securities brokerage, equity investment and banking businesses. His experience includes leadership roles in internal control and compliance practices in the process of corporate operations and proficiency in China’s capital market and financing practices. Prior to joining us, Mr. Wang served 33 large-scale companies in the financial field over 11 years and managed more than RMB 4 billion in equity investment and RMB 500 million in fund investment as a financial advisor. Mr. Wang earned his bachelor’s degree in economics from Southwest University of Science and Technology in 2014.
III. Executive President Appointment
On August 25, 2021, the Board and the Nominating Committee of the Registrant appointed Mr. Yuebo Zhang as Executive President, effective immediately.
Prior to joining the Registrant, Mr. Yuebo Zhang worked in Hong Kong Global Group Limited where he was responsible for global business promotion. He is also a director of the overseas service industry association, a partner of a Hong Kong Trust company and a member of the Hong Kong management association. Previously, he served as senior executive of Ericsson China, vice president of an internet company, and general manager of an immigration service company. He has accumulated extensive experience in the field of information technology, overseas investment, asset management, and overseas service industry. Mr. Zhang earned a bachelor’s degree in electronic information and engineering from Harbin Institute of Technology in 1999 and an MBA degree from Harbin Engineering University in 2007. He is currently pursuing a PhD degree in financial technology at the Hong Kong Polytechnic University.
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IV. Senior Vice President Appointment
On August 25, 2021, the Board and the Nominating Committee of the Registrant appointed Mr. Fengsong Wan as Senior Vice President, effective immediately.
Prior to joining the Registrant, Mr. Fengsong Wan was a partner and marketing director of Beijing Bainakangyuan Health Management Co., Ltd. from 2018 to 2021. Previously, he has served as a senior academic representative and regional manager in the cardiovascular department of Lvye Pharma Group from 2005 to 2017; he had a market promotion role in Shijiazhuang Yiling Pharmaceutical Registrant from 2004 to 2005. Mr. Wan earned a bachelor’s degree in clinical medicine from Yanbian University in 2017 and a master’s degree from Communication University of China in 2021.
| Exhibits | ||
| 10.1 | Employment Agreement for Junfeng Wang | |
| 10.2 | Employment Agreement for Wenhao Wang | |
| 99.1 | Roan Holdings Group Co., Ltd. Announces New Management Appointments to Further Drive Growth |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Roan Holdings Group Co., Ltd. | ||
| Date: August 30, 2021 | By: | /s/ Junfeng Wang |
| Name: | Junfeng Wang | |
| Title: | Chairman of the Board of Directors | |
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Exhibit 10.1
Employment Agreement
This Employment Agreement (this “Agreement”) is entered into in Hangzhou, zhejiang, China on August 25, 2021 by and between:
Party A: Roan Holdings Group Co., Ltd. (“the Company”)
Address: 147 Ganshui Lane, Yuhuangshannan Fund Town, Shangcheng District,
Hangzhou, Zhejiang, China.
Legal Representative: Zhiyong Tang, Chief Executive Officer
Party B: Zhiyong Tang
Address: Room 603, Unit 2, No 13 Building, Yuecheng Apartment, Gongshu District,
Hang Zhou City, Zhejiang, China
Chapter 1 General Provisions
1. Pursuant to the Labor Law of the People’s Republic of China, the Labor Contract Law of the People’s Republic of China and other relevant provisions, the parties hereto have, after mutual discussions and consultations and careful consideration and adequate communications and understanding, reached the following terms and conditions:
Chapter 2 Term
2. This Agreement shall have an initial term commencing on August 25, 2021 and ending on August 24, 2022, and shall, subject to Chapter 10 below, automatically renew for successive one year periods.
Chapter 3 Scope of Work
3. According to Party A’s work requirements, Party B agrees to assume the position of Chief Executive Officer (to carry out works relating to the listed company). With respect to Party B’s job duties, work assignments, responsibility goals, job disciplines, relevant management policies, etc., the rules formulated by Party A for that job and other relevant provisions shall apply.
Chapter 4 Party B’s Obligations
4. Party B agrees that, in addition to the obligations and responsibilities set forth herein, he or she shall also:
4.1. Within the specified work hours, contribute his or her time, energy and skills exclusively in fulfilling the obligations established by Party A and effectively performing his or her duties, in order to exert best efforts to ensure the successful completion of Party A’s assignments; and
4.2. Comply with the provisions of this Agreement, Party A’s internal rules and policies and relevant laws and regulations, fulfill his or her duties to Party A, and not to engage in any activities that harm Party A’s interests or to abuse his or her position or duties at Party A to directly or indirectly seek personal benefits.
Chapter 5 Primary Work Location, Work Hours, Labor Protection and Work Conditions
5. Party B shall principally work at the Party’s A headquarters located in Hangzhou, Zhejiang, China and other cities. Party A shall be required to work Monday through Friday from 9:00 a.m. to 17:00 p.m. Party B’s work hours shall be mainly for the purpose of meeting the needs of the listed company. CEO may change work hours for the needs of the listed company.
6. Party A shall provide Party B with proper work conditions and facilities and labor protection up to the local government’s standards. Party B shall comply with Party A’s labor safety policies.
7. Party A is responsible for arranging education and trainings to Party B with respect to professional skills, labor safety and hygiene policies and the Company’s articles of association.
8. Party A shall reimburse Party B’s business travel, entertainment and other expenses incurred for work purposes, for which Party B is obligated to completely provide supporting voucher documents.
Chapter 6 Compensation
9. Party B’s compensation as follows.
9.1 Compensation. Employee shall receive the compensation USD 60,000 per year. The company will issue the compensation by cash or common stock.
9.2 Tax. Employee shall be responsible for his own taxes.
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Chapter 7 Benefits and Holidays
10. Party B shall be entitled to the China public holidays and statutory holidays. Party B who is required to work on public holidays will be compensated by alternative day(s) off as substitution.
10.1. Annual Leave. Party B is entitled to the paid annual leave pursuant to Party A’s vacation policy.
10.2. Sick Leave must be certified by a registered doctor.
10.3. Unauthorized Absences. Without prejudice to the other rights of Party A, Party A may deduct the equivalent amount of basic daily salary from Party B’s salary for every day of absence from employment without the prior permission of Party A.
Chapter 8 Labor Disciplines
11. Party B shall comply with Party A’s lawfully formulated labor disciplines and the Company’s articles of association, strictly abide by Party A’s instructions and decisions, safeguard all the assets of Party A and observe professional ethics.
12. If Party B violates any relevant laws, labor disciplines or the Company’s articles of association which results in any economic losses to Party A, Party A may impose penalties on Party A pursuant to the relevant provisions.
13. In the event of any economic losses caused to Party A due to Party B’s violation of relevant laws, labor disciplines or the Company’s articles of association, Party A has the right to claim compensation from Party B for the losses.
14. Party A has the right to make reasonable modifications to the labor disciplines and the Company’s articles of association according to its business needs, provided that Party A shall inform Party B in the forms regarded as proper by Party A, which forms include but not limited to notification, public announcement, e-mail and memorandum.
15. Party B shall not hold any concurrent position at any other enterprise or organization during the period of his employment with Party A, unless with the permission of Party A. All service inventions, creations, developments, designs, renovations, production results made by Party B during the period of his or her employment shall be owned by Party A, and all intellectual property rights obtained therefrom, including but not limited to patent rights, copyrights and non-patent technologies, shall be owned by Party A.
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Chapter 9 Confidentiality Obligations
16. Party B shall keep confidential Party A’s proprietary information and confidential information concerning Party A and its subsidiaries and affiliates and its and their respective businesses including without limitation, confidential information regarding suppliers, customers, products, and marketing and pricing data, as long as such information is not publicly disclosed, except as required either by law or by a court of competent jurisdiction, and shall comply with Party A’s relevant confidentiality policies. Unless as required either by law or by a court of competent jurisdiction or subject to prior written consent from Party A, Party B shall not use, or disclose to any third party, any materials or information of Party A.
17. Non-compete. During the term of Party B’s employment hereunder and for a term of two years following termination, Party B shall not initiate, directly or indirectly, on his own behalf or on behalf of any person, contact with any person who is or was a customer of Party A within the twelve (12) month period preceding the termination of Party B’s employment hereunder, or who was a prospective customer of Party A with whom Party B had dealings with in the twelve (12) month period preceding the termination of Party B’s employment, for the purpose of conducting any business which is the same as or which competes with any part of the business of Party A with which Party B was involved.
18. Party B agrees that Party A shall, according to any reasonable operational needs, whether direct or indirect, have the right to disclose Party B’s personal information, including but not limited to his or her name, address, nationality, position, and salary, this Agreement and the renewals and changes thereof.
Chapter 10 Change and Termination of Agreement
19. If any laws and regulations applicable for this Agreement is amended, the corresponding portions hereof or annexes hereto shall be amended accordingly. In the event of any material change to, or any conflict with relevant Chinese laws and regulations by, any objective condition on which the entry into the Agreement was based, which makes the performance of the Agreement impossible, the parties may, after friendly consultation, change the relevant portions of the Agreement pursuant to the relevant laws and regulations.
20. In the occurrence of following circumstances, Party A has the right to unilaterally terminate this Agreement without a prior written notice, provided that Party A shall inform Party B of such termination decision, and the termination shall take effect immediately:
20.1. Party B materially violates the Company’s labor disciplines or rules and policies (including but not limited to labor disciplines and the Company’s articles of association);
20.2. Party B commits gross negligence or engages in malpractices for selfish ends, thereby causing material losses to Party A;
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20.3. Party B establishes employment relationship concurrently with any other employer, thereby causing material impact on the completion of Party A’s work assignments;
20.4. Party B uses such means as fraud, coercion or taking advantage of other’s unfavorable position to cause the execution or change of the Agreement by Party A against its genuine will, thus leading to void the Agreement;
20.5. Party B is held criminally liable pursuant to the law.
21. During the term of this Agreement, Party A may terminate this Agreement at any time by giving Party B 30-day prior written notice.
22. During the term of the Agreement, Party B has the right to resign and terminate the Agreement, provided that he or she shall give a 30-day prior written notice to Party A.
23. Immediately upon termination of the Agreement, Party B shall cease its engagement in any activities in Party A’s name or complete any business as Party A so requested, and shall settle all the accounts. Party B shall, within 3 days of the termination hereof, return all of Party A’s assets that are in Party B’s possession and deliver all the documents and files (including but not limited to any written documents and electronic documents). Party A will handle the departure formalities for Party B after Party A’s confirmation and issue a departure consent letter. If Party B fails to complete the said transfer formalities, Party A may refuse to handle the departure formalities for Party B.
Chapter 11 Economic Compensation and Indemnification
24. If Party B terminates this Agreement in violation of any provisions hereof, he or she shall, pursuant to the provisions of laws and regulations, compensate for the losses caused to Party A due to such termination.
Chapter 12 Resolution of Labor Disputes
25. Any dispute arising from the interpretation and performance hereof shall be resolved through friendly consultation by the parties. If such friendly consultation fails, either or both of the parties may, within one year of the occurrence of the dispute, submit it for arbitration by a labor dispute arbitration committee having jurisdiction over the dispute. In case the parties have no disagreement as to the arbitral award rendered by such labor dispute arbitration commission, such arbitral award is final and binding upon the parties. In case the parties refuse to accept the arbitration award made by that labor dispute arbitration committee, they may file an action with a court of jurisdiction.
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Chapter 13 Miscellaneous
26. The invalidity or non-enforceability of any provision shall not affect the validity of any other provisions hereof.
27. Either party’s failure to perform, or delay in performance of, any of the rights hereunder shall not constitute a waiver of such right.
28. In the case of any discrepancy between this Agreement and any related laws and regulations, the provisions of such laws and regulations shall prevail.
29. This Agreement shall become effective upon signing and affixation of seals by both parties on the date first written above.
| Party A: Roan Holdings Group Co., Ltd. | Party B: Zhiyong Tang | |
| Yiguo Xu | ||
| Chair of the Compensation Committee |
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Exhibit 10.2
Employment Agreement
This Employment Agreement (this “Agreement”) is entered into in Hangzhou, zhejiang, China on August 25, 2021 by and between:
Party A: Roan Holdings Group Co., Ltd. (“the Company”)
Address: 147 Ganshui Lane, Yuhuangshannan Fund Town, Shangcheng District,
Hangzhou, Zhejiang, China.
Legal Representative: Zhiyong Tang, Chief Executive Officer
Party B: Wenhao Wang
Address: Room 401, Unit 2, No 3 Building, Longhu Chunjiang Yueming, Xiaoshan District,
Hang Zhou City, Zhejiang, China
Chapter 1 General Provisions
1. Pursuant to the Labor Law of the People’s Republic of China, the Labor Contract Law of the People’s Republic of China and other relevant provisions, the parties hereto have, after mutual discussions and consultations and careful consideration and adequate communications and understanding, reached the following terms and conditions:
Chapter 2 Term
2. This Agreement shall have an initial term commencing on August 25, 2021 and ending on August 24, 2022, and shall, subject to Chapter 10 below, automatically renew for successive one year periods.
Chapter 3 Scope of Work
3. According to Party A’s work requirements, Party B agrees to assume the position of Chief Financial Officer (to carry out works relating to the listed company). With respect to Party B’s job duties, work assignments, responsibility goals, job disciplines, relevant management policies, etc., the rules formulated by Party A for that job and other relevant provisions shall apply.
Chapter 4 Party B’s Obligations
4. Party B agrees that, in addition to the obligations and responsibilities set forth herein, he or she shall also:
4.1. Within the specified work hours, contribute his or her time, energy and skills exclusively in fulfilling the obligations established by Party A and effectively performing his or her duties, in order to exert best efforts to ensure the successful completion of Party A’s assignments; and
4.2. Comply with the provisions of this Agreement, Party A’s internal rules and policies and relevant laws and regulations, fulfill his or her duties to Party A, and not to engage in any activities that harm Party A’s interests or to abuse his or her position or duties at Party A to directly or indirectly seek personal benefits.
Chapter 5 Primary Work Location, Work Hours, Labor Protection and Work Conditions
5. Party B shall principally work at the Party’s A headquarters located in Hangzhou, Zhejiang, China and other cities. Party A shall be required to work Monday through Friday from 9:00 a.m. to 17:00 p.m. Party B’s work hours shall be mainly for the purpose of meeting the needs of the listed company. CEO may change work hours for the needs of the listed company.
6. Party A shall provide Party B with proper work conditions and facilities and labor protection up to the local government’s standards. Party B shall comply with Party A’s labor safety policies.
7. Party A is responsible for arranging education and trainings to Party B with respect to professional skills, labor safety and hygiene policies and the Company’s articles of association.
8. Party A shall reimburse Party B’s business travel, entertainment and other expenses incurred for work purposes, for which Party B is obligated to completely provide supporting voucher documents.
Chapter 6 Compensation
9. Party B’s compensation as follows.
9.1 Compensation. Employee shall receive the compensation USD 50,000 per year. The company will issue the compensation by cash or common stock.
9.2 Tax. Employee shall be responsible for his own taxes.
2
Chapter 7 Benefits and Holidays
10. Party B shall be entitled to the China public holidays and statutory holidays. Party B who is required to work on public holidays will be compensated by alternative day(s) off as substitution.
10.1. Annual Leave. Party B is entitled to the paid annual leave pursuant to Party A’s vacation policy.
10.2. Sick Leave must be certified by a registered doctor.
10.3. Unauthorized Absences. Without prejudice to the other rights of Party A, Party A may deduct the equivalent amount of basic daily salary from Party B’s salary for every day of absence from employment without the prior permission of Party A.
Chapter 8 Labor Disciplines
11. Party B shall comply with Party A’s lawfully formulated labor disciplines and the Company’s articles of association, strictly abide by Party A’s instructions and decisions, safeguard all the assets of Party A and observe professional ethics.
12. If Party B violates any relevant laws, labor disciplines or the Company’s articles of association which results in any economic losses to Party A, Party A may impose penalties on Party A pursuant to the relevant provisions.
13. In the event of any economic losses caused to Party A due to Party B’s violation of relevant laws, labor disciplines or the Company’s articles of association, Party A has the right to claim compensation from Party B for the losses.
14. Party A has the right to make reasonable modifications to the labor disciplines and the Company’s articles of association according to its business needs, provided that Party A shall inform Party B in the forms regarded as proper by Party A, which forms include but not limited to notification, public announcement, e-mail and memorandum.
15. Party B shall not hold any concurrent position at any other enterprise or organization during the period of his employment with Party A, unless with the permission of Party A. All service inventions, creations, developments, designs, renovations, production results made by Party B during the period of his or her employment shall be owned by Party A, and all intellectual property rights obtained therefrom, including but not limited to patent rights, copyrights and non-patent technologies, shall be owned by Party A.
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Chapter 9 Confidentiality Obligations
16. Party B shall keep confidential Party A’s proprietary information and confidential information concerning Party A and its subsidiaries and affiliates and its and their respective businesses including without limitation, confidential information regarding suppliers, customers, products, and marketing and pricing data, as long as such information is not publicly disclosed, except as required either by law or by a court of competent jurisdiction, and shall comply with Party A’s relevant confidentiality policies. Unless as required either by law or by a court of competent jurisdiction or subject to prior written consent from Party A, Party B shall not use, or disclose to any third party, any materials or information of Party A.
17. Non-compete. During the term of Party B’s employment hereunder and for a term of two years following termination, Party B shall not initiate, directly or indirectly, on his own behalf or on behalf of any person, contact with any person who is or was a customer of Party A within the twelve (12) month period preceding the termination of Party B’s employment hereunder, or who was a prospective customer of Party A with whom Party B had dealings with in the twelve (12) month period preceding the termination of Party B’s employment, for the purpose of conducting any business which is the same as or which competes with any part of the business of Party A with which Party B was involved.
18. Party B agrees that Party A shall, according to any reasonable operational needs, whether direct or indirect, have the right to disclose Party B’s personal information, including but not limited to his or her name, address, nationality, position, and salary, this Agreement and the renewals and changes thereof.
Chapter 10 Change and Termination of Agreement
19. If any laws and regulations applicable for this Agreement is amended, the corresponding portions hereof or annexes hereto shall be amended accordingly. In the event of any material change to, or any conflict with relevant Chinese laws and regulations by, any objective condition on which the entry into the Agreement was based, which makes the performance of the Agreement impossible, the parties may, after friendly consultation, change the relevant portions of the Agreement pursuant to the relevant laws and regulations.
20. In the occurrence of following circumstances, Party A has the right to unilaterally terminate this Agreement without a prior written notice, provided that Party A shall inform Party B of such termination decision, and the termination shall take effect immediately:
20.1. Party B materially violates the Company’s labor disciplines or rules and policies (including but not limited to labor disciplines and the Company’s articles of association);
20.2. Party B commits gross negligence or engages in malpractices for selfish ends, thereby causing material losses to Party A;
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20.3. Party B establishes employment relationship concurrently with any other employer, thereby causing material impact on the completion of Party A’s work assignments;
20.4. Party B uses such means as fraud, coercion or taking advantage of other’s unfavorable position to cause the execution or change of the Agreement by Party A against its genuine will, thus leading to void the Agreement;
20.5. Party B is held criminally liable pursuant to the law.
21. During the term of this Agreement, Party A may terminate this Agreement at any time by giving Party B 30-day prior written notice.
22. During the term of the Agreement, Party B has the right to resign and terminate the Agreement, provided that he or she shall give a 30-day prior written notice to Party A.
23. Immediately upon termination of the Agreement, Party B shall cease its engagement in any activities in Party A’s name or complete any business as Party A so requested, and shall settle all the accounts. Party B shall, within 3 days of the termination hereof, return all of Party A’s assets that are in Party B’s possession and deliver all the documents and files (including but not limited to any written documents and electronic documents). Party A will handle the departure formalities for Party B after Party A’s confirmation and issue a departure consent letter. If Party B fails to complete the said transfer formalities, Party A may refuse to handle the departure formalities for Party B.
Chapter 11 Economic Compensation and Indemnification
24. If Party B terminates this Agreement in violation of any provisions hereof, he or she shall, pursuant to the provisions of laws and regulations, compensate for the losses caused to Party A due to such termination.
Chapter 12 Resolution of Labor Disputes
25. Any dispute arising from the interpretation and performance hereof shall be resolved through friendly consultation by the parties. If such friendly consultation fails, either or both of the parties may, within one year of the occurrence of the dispute, submit it for arbitration by a labor dispute arbitration committee having jurisdiction over the dispute. In case the parties have no disagreement as to the arbitral award rendered by such labor dispute arbitration commission, such arbitral award is final and binding upon the parties. In case the parties refuse to accept the arbitration award made by that labor dispute arbitration committee, they may file an action with a court of jurisdiction.
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Chapter 13 Miscellaneous
26. The invalidity or non-enforceability of any provision shall not affect the validity of any other provisions hereof.
27. Either party’s failure to perform, or delay in performance of, any of the rights hereunder shall not constitute a waiver of such right.
28. In the case of any discrepancy between this Agreement and any related laws and regulations, the provisions of such laws and regulations shall prevail.
29. This Agreement shall become effective upon signing and affixation of seals by both parties on the date first written above.
| Party A: Roan Holdings Group Co., Ltd. | Party B: Wenhao Wang | |
| Yiguo Xu | ||
| Chair of the Compensation Committee |
6
Exhibit 99.1
Roan Holdings Group Co., Ltd. Announces New Management Appointments to Further Drive Growth
| - | Mr. Zhiyong Tang appointed Chief Executive Officer. |
| - | Mr. Wenhao Wang appointed Chief Financial Officer. |
| - | Mr. Yuebo Zhang appointed Executive President |
| - | Mr. Fengsong Wan appointed Senior Vice President |
BEIJING and HANGZHOU, China, August 30, 2021 /PRNewswire/ -- Roan Holdings Group Co., Ltd. (“Roan” or the “Company”) (OTC Pink: RAHGF and RONWF), a provider of diversified solutions in financial, insurance and healthcare related products and management services, today announced the appointment of Mr. Zhiyong Tang as Chief Executive Officer; Mr. Wenhao Wang as Chief Financial Officer; Mr. Yuebo Zhang as Executive President, taking charge of Company’s consumer services and overseas business and Mr. Fengsong Wan as Senior Vice Presidents, responsible for Company’s healthcare business. Concurrent with Mr. Tang’s appointment, Mr. Junfeng Wang resigned his position from Chief Executive Officer.
Mr. Zhiyong Tang is currently serving as President of Zhejiang Lixin Enterprise Management Group Co., Ltd. Prior to that, Mr. Tang served as General Manager of Zhejiang Jing Yu Xin Financing Guarantee Co., Ltd. from 2015 to 2018; President of Zhongchuang International Finance Leasing Co., Ltd. from 2013 to 2015; Executive Vice President of China Financial Services Holdings Ltd. from 2010 to 2012; General Manager of Huale Tongda (Beijing) International Investment Management Company from 2004 to 2010. In addition, Mr. Tang worked in the Northern Investment Group Co., Ltd. from 1999 to 2004. Mr. Tang earned a master’s degree in accounting and finance science from Hongkong Baptist University in 2015 and a master’s degree in public administration from Liaoning University in 2012.
Mr. Wenhao Wang served as a managing director of investment banking of Southwest Securities Co., Ltd. from 2015 to 2021. Before joining the Company, he has worked in securities brokerage, equity investment and banking businesses. His experience includes leadership roles in internal control and compliance practices in the process of corporate operations and proficiency in China’s capital market and financing practices. Prior to joining us, Mr. Wang served 33 large-scale companies in the financial field over 11 years and managed more than RMB 4 billion in equity investment and RMB 500 million in fund investment as a financial advisor. Mr. Wang earned his bachelor’s degree in economics from Southwest University of Science and Technology in 2014.
Prior to joining us, Mr. Yuebo Zhang worked in Hong Kong Global Group Limited where he was responsible for global business promotion. He is also a director of the overseas service industry association, a partner of a Hong Kong Trust company and a member of the Hong Kong management association. Previously, he served as senior executive of Ericsson China, vice president of an internet company, and general manager of an immigration service company. He has accumulated extensive experience in the field of information technology, overseas investment, asset management, and overseas service industry. Mr. Zhang earned a bachelor’s degree in electronic information and engineering from Harbin Institute of Technology in 1999 and an MBA degree from Harbin Engineering University in 2007. He is currently pursuing a PhD degree in financial technology at the Hong Kong Polytechnic University.
Prior to joining us, Mr. Fengsong Wan was a partner and marketing director of Beijing Bainakangyuan Health Management Co., Ltd. from 2018 to 2021. Previously, he has served as a senior academic representative and regional manager in the cardiovascular department of Lvye Pharma Group from 2005 to 2017; he had a market promotion role in Shijiazhuang Yiling Pharmaceutical Co., Ltd. from 2004 to 2005. Mr. Wan earned a bachelor’s degree in clinical medicine from Yanbian University in 2017 and a master’s degree from Communication University of China in 2021.
“We are pleased to welcome the new management members to our Company,” said Mr. Junfeng Wang, Chairman of the Company, “We believe their participation will further promote the Company’s strategic upgrade, and provide essential support for the Company’s market layout and business development as well. Each of the new members of the team has accumulated rich experience in their fields. We are excited to have their help as we seek to improve our operating performance.”
“Over the past several years, we have outlined three basic principles: (i) development of higher value business layout; (ii) better and competitive products for our customers; and (iii) stable growth for the Company. We believe these principles will improve our development strategy and optimize our business operation, particularly in growth markers such as the financial, insurance and healthcare products and management services industries.” Mr. Wang continued.
About Roan Holdings Group Co., Ltd.
Founded in 2009, Roan Holdings Group Co., Ltd. (OTC Pink: RAHGF and RONWF) is a financial, insurance and healthcare related solutions company serving individuals and micro-, small- and medium-sized enterprises (“MSMEs”) in China. Roan provides health management, assets management, and insurance, healthcare and consumer financing services to employees of large institutions. Roan has offices in Hangzhou and Beijing and subsidiaries in Hangzhou, Ningbo, Guangzhou, Shaoxing, Urumqi and Tianjin. For more information, please visit: www.roanholdingsgroup.com
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among others, the consummation of the proposed transaction, and can be identified by terminology such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. Such statements are based upon management’s current expectations of the consummation of the proposed transaction, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.
IR Contact:
At the Company:
Katrina Wu
Email: xiaoqing.wu@roanholdingsgroup.com
Phone: +86-571-8662 1775
Investor Relations Firm:
Janice Wang
EverGreen Consulting Inc.
Email: IR@changqingconsulting.com
Phone: +1 571-464-9470 (from U.S.)
+86 13811768559 (from China)