Exhibit 10.1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
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Item 5.02 Departure of Directors or Certain Officers: Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On February 28, 2023, Mr. Fong Teck Kheong (“Mr Fong”), Chief Executive Officer, President, Director, Secretary and Treasurer of Phoenix Plus Corp., (the “Company”) resigned from the Board of Directors (the “Board”) of the Company, effective immediately. In connection with such resignation, Mr. Fong also resigned as the Chief Executive Officer, President, Secretary and Treasurer (collectively, “Other Positions”) of the Company. Mr. Fong’s decision to resign from the Board and Other Positions was due to his intention to pursue other personal interest.
On February 28, 2023, Mr. Lee Chong Chow (“Mr. Lee”), who is also a member of the Board, is appointed as the Chief Executive Officer and Other Positions, effective immediately.
The biographies for the Chief Executive Officer set forth below:
Mr. Lee Chong Chow
Mr. Lee, aged 52, holds a Bachelor degree of Economic from Shobi University since 2005. After his graduation, he then started up a company doing small trading and investment in Japan. After the Fukushima nuclear disaster, Mr Lee dedicated himself to make best contribution to improve the human living environment and develop the sustainable energy solar power energy industry. Mr Lee has invested more than 10 companies that are specialising in green solar power until today. Mr Lee also has more than 10 years of working experiences in the solar industry companies such as Fujisolar co.ltd, Choyo Power co.ltd, Vsun co.ltd (Vietnam) and many more which are providing solar energy solutions.
The Company believes under the leadership of Mr Lee, who possess vast amount of experience in the renewable industry, the Company will be well equipped to take advantage on the enormous potential growth in the industry.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Description | |
| 10.1 | Employment Agreement Chief Executive Officer, dated February 28, 2023. | |
| 10.2 | Resignation letter by Mr. Fong Teck Kheong | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
| 2 |
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 hereunto duly authorized.
| Phoenix Plus Corp. | ||
| (Name of Registrant) | ||
| Date: March 2, 2023 | By: | /s/ Lee Chong Chow |
| Name: | Lee Chong Chow | |
| Title: | Chief Executive Officer | |
| (President, Secretary, Treasurer, Director) | ||
| 3 |
Exhibit 10.1
Exhibit 10.2
