Garden Stage Limited, a foreign private issuer, reported significant executive changes in a Form 6-K filed with the U.S. Securities and Exchange Commission for April 2024. The company announced the resignation of Mr. Ting Hei Lee as Chief Financial Officer effective April 1, 2024, citing personal reasons and clarifying that his departure was not due to any disagreements with the Board. Concurrently, Mr. Sze Ho Chan, already serving as Director and CEO, was appointed as the Interim CFO. The Board and Nominating Committee approved this appointment, and a global search for a permanent CFO has been initiated. Additionally, Mr. Wai Lok Raymond Fong resigned as a director of the company on the same date. Following his resignation, Mr. Fong entered into a...Show More

Garden Stage Limited, a foreign private issuer, reported significant executive changes in a Form 6-K filed with the U.S. Securities and Exchange Commission for April 2024. The company announced the resignation of Mr. Ting Hei Lee as Chief Financial Officer effective April 1, 2024, citing personal reasons and clarifying that his departure was not due to any disagreements with the Board. Concurrently, Mr. Sze Ho Chan, already serving as Director and CEO, was appointed as the Interim CFO. The Board and Nominating Committee approved this appointment, and a global search for a permanent CFO has been initiated. Additionally, Mr. Wai Lok Raymond Fong resigned as a director of the company on the same date. Following his resignation, Mr. Fong entered into a consulting arrangement with Garden Stage Limited, effective immediately, for a term of one year with the possibility of extension. He will receive a monthly consulting fee of $2,500 and has been granted an option to purchase 5% of the new ordinary shares of the company at $2 per share. The terms of this agreement include provisions for automatic renewal, severability, and dispute resolution to be governed by Hong Kong law and subject to arbitration by the HKIAC.