Meihua International Medical Technologies : Engagement of Auditors - Form 6-K
June 28, 2022 at 01:51 pm
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Engagement of Auditors
On June 27, 2022, Meihua International Medical Technologies Co., Ltd., a company based in the People's Republic of China (the "Company"), engaged Paris, Kreit & Chiu CPA LLP ("PKC") as the Company's independent registered public accounting firm. The Audit Committee of the Company's Board of Directors approved the engagement of PKC. With the engagement of PKC, the Company intends to promptly complete the audit of our financial statements for the year ended December 31, 2021, file our Annual Report on Form 20-F (the "2021 Annual Report") and regain compliance with our SEC reporting requirements as soon as reasonably practicable, with the aim of filing the 2021 Annual Report during the month of July.
Entry Into Director Agreement
On June 28, 2022, the Company entered into a letter agreement (the "Director Agreement") with Wenzhang Jia, the Company's recently appointed independent director. Under the terms of the Director Agreement, Mr. Jia agreed to serve as a director of the Company for renewable one year terms, until the termination of such service, in exchange for monthly compensation of $2,500 and a grant of the Company's ordinary shares valued at $10,000, as calculated based on the per share closing price of the Company's stock on The Nasdaq Stock Market on the date of grant, which options shall be exercisable at a per share price equal to the closing price of the Company's shares on The Nasdaq Capital Market on the date of grant. In addition, Mr. Jia is subject to certain non-compete and confidentiality provisions. A copy of the Director Agreement, which is filed as Exhibit 10.1 hereto, contains numerous additional terms, covenants and conditions and should be reviewed in its entirety for additional information.
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Meihua International Medical Technologies Co. Ltd. published this content on 28 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 June 2022 12:50:08 UTC.
Meihua International Medical Technologies Co Ltd is a manufacturer of medical consumables. The Company operates its business through subsidiaries, focusing on the research and development, manufacturing and sales of Class I, II and III disposable medical devices. The Company's products include self-manufactured and out-sourced products. The Company's Class I disposable medical devices mainly include, such as, disposable medical X-ray films, medical dry films, dry laser imagers, gauze bandages, examination gloves, pharmaceutical packaging materials and containers and so on. Class II disposable medical devices, such as, disposable full anesthesia kits, medical brush, womanâs examination kits, urethral catheterization kits, gynecological examination kits, endotracheal intubation, medical masks, anal bags, and suction connecting tube and so on. Class III disposable medical devices, such as disposable infusion pumps, anesthesia puncture kits, electronic pumps, etc.
MEIHUA INTERNATIONAL MEDICAL TECHNOLOGIES CO., LTD. 
