On May 31, 2024, the Board of Directors of Inno Holdings Inc. accepted the resignation of Dekui Liu from his position as Chairman, and as a Director of the Board of the Company. On June 3, 2023, the Board also appointed Tianwei Li to fill the director vacancy left by Dekui Liu and to hold such office until their resignation or removal, effective immediately. Mr. Li, 35, has served as the Chief Financial Officer of the Company, since July 2023. Prior to joining the Company, Mr. Li worked as a licensed banker at both J.P Morgan Securities LLC and JPMorgan Chase Bank, N.A. from November 2021 to July 2023. From October 2021 to December 2021, he worked as a registered representative at Sutter Securities Inc. Prior to that, from November 2020 to December 2021, he worked as a registered representative at Boustead Securities, LLC. Mr. Li held leadership positions as Vice President at both Multipoint Resources Management Corp, from April 2019 to December 2019, and CATHY LOGISTICS INC, from February 2019 to August 2019. Mr. Li earned a master?s degree in business administration in 2013 from Chapman University and a bachelor?s degree in communication in 2011 from Washington State University and holds the US Financial Industry Regulatory Agency Series 7 and 63 Securities licenses. On June 3, 2024, the Board appointed Ying Liu as Chairwoman of the Board, effective immediately. Ms. Liu, age 68, has served at various roles at the Company since September of 2021. Prior to joining the Company, she worked at China National Petroleum Corporation, Dalian Branch from 1979 to 2010. She received her A.S. Degree in Mathematics in 1976 in Dalian, China. On May 31, 2024, the holders of a majority of the outstanding shares of common stock, no par value (the ? Common Stock?) of the Company, by written consent, removed each of Yihan Cai and Qiaowei Fang (each, a ? Departing Director,? and together, the ? Departing Directors?) without cause as directors on the Board, effective immediately. The Departing Directors were independent directors of the Company and served on the Compensation Committee and the Audit Committee. On May 31, 2024, the holders of a majority of the outstanding shares of Common Stock of the Company, by written consent, elected each of Hongbo Li and Tao Xu (each, an ? Incoming Director,? and together, the ? Incoming Directors?) to the Board to fill the vacancies left by the Departing Directors and to hold such office until their resignation or removal, effective immediately. Mr. Hongbo Li, age 60, currently serves as the Vice President at Baolingbao Biology Co. Ltd. From 2019 to 2020 he served as the General Manager at Baolingbao Biology Co. Ltd. Mr. Li received his bachelor?s degree in Law from the University of International Business and Economics. He also received a master?s degree in Business Administration (Finance) from Edgewood College. Mr. Tao Xu, age 44, currently serves as the Director of Fuda Capital Ltd. and as the Chief Executive Officer at Jinyide Culture Media Co. Ltd. From 2017 to 2020, he served as the Chief Executive Officer at Jinyide Jewelry Co. Ltd.
Mr. Tao received his bachelor?s degree in Finance from the South-Central University for Nationalities. Hongbo Li is expected to serve on the Compensation Committee and Audit Committee, and Tao Xu is expected to serve on the Compensation Committee and Audit Committee.