ATIF Holdings Limited Announces Changes in Board of Directors

ATIF Holdings Limited (NASDAQ: ATIF) underwent significant changes in its Board of Directors, as detailed in a recent 8-K filing with the U.S. Securities and Exchange Commission on January 6, 2025.

Yongyuan Chen, an independent director of the Board of Directors and Chairman of the Nominating and Corporate Governance Committee, as well as a member of the Audit Committee and Compensation Committee, tendered his resignation on the aforementioned date. Notably, Chen’s resignation was stated not to result from any disagreements with the company concerning its operations, policies, or practices.

In response to the vacancy left by Chen’s departure, the Board appointed Syed Iqbal Shah as an independent director. Effective January 6, 2025, Shah assumed the role of Chairman of the Nominating and Corporate Governance Committee and became a member of both the Audit Committee and the Compensation Committee. As per the terms of the Director Letter Agreement, Shah will receive a monthly compensation of $5,000.

Shah brings a wealth of experience to the boardroom, having served as the general manager of Market Masters since September 2020, where he has overseen the planning and design of IM products. Prior to this role, he worked as an AI designer at Ronald Lu & Partners from 2014 to 2020. Shah holds a bachelor’s degree in information technology from the University of California, Berkeley, which he earned in 2014.

It is noteworthy that Shah has no familial ties with any director or executive officer of the company and has not engaged in any transaction with the company necessitating disclosure under Item 404(a) of Regulation S-K over the past two years.

The specifics of the Director Letter Agreement are outlined in Exhibit 10.1 of the filing, providing more detailed information for interested parties.

Overall, these changes reflect ATIF Holdings Limited’s ongoing commitment to the governance structure and the expertise required to drive the company forward in its strategic direction.

Please note that this article is a summary and should be read in conjunction with the full text of the 8-K filing for a comprehensive understanding of the changes at ATIF Holdings Limited.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read ATIF’s 8K filing here.

About ATIF

ATIF Holdings Limited operates as a business consulting company in Hong Kong, the United States, and Mexico. It offers financial consulting services to small and medium-sized enterprises (SMEs). The company primarily focuses on helping clients going public on the national stock exchanges and OTC markets in the United States.