Item 5.02 Departure of Directors or Certain officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 2, 2020, Iweb, Inc. a Nevada corporation (the "Company") received a
resignation letter from Mr. Cheng Kim Sing, Chief Financial Officer ("CFO"),
Treasurer and Secretary of the Company, effective immediately. Mr. Sing's
resignation was not due to any disagreement with the Company, its management or
its directors.
On January 6, 2020, the Board of the Directors of the Company (the "Board")
appointed Mr. Direk Chantri as Interim Chief Financial Officer, Treasurer and
Secretary of the Company, effective immediately.
Since October, 2019, Mr. Direk Chantri has served as the Chief Financial Officer
of Digiwork (Thailand) Co., Ltd. ("Digiwork Thailand"), a variable interest
entity controlled by the Company. From July, 2017 to September, 2019, Mr.
Chantri served as Finance and Accounting Manager of Vithai Biopower Co.,Ltd., a
biomass power generation plant. From June, 2014 to June, 2017, Mr. Chantri
served as Finance and Accounting Manager of Orthopeasia Co., Ltd., a medical
device manufacturing company. From January, 2010 to April, 2014, Mr. Chantri
served as Internal Auditor Manager of S-one Group, amanufacturer and distributor
of aluminum windows and doors. Mr. Chantri received his bachelor's degree in
accounting from Ramkhamhaeng University in Bangkok Thailand in 1987.
Mr. Chantri will continue to serve as CFO of Digiwork (Thailand) Co., Ltd. and
will not receive any additional compensation for serving as the Interim CFO of
the Company, other than 60,000 baht (approximately $1,983) per month that he
currently receives as CFO of Digiwork Thailand.
Mr. Chantri was not selected pursuant to any arrangement or understanding
between him and any other person. There are no family relationships between Mr.
Chantri and the directors and executive officers of the Company.
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