ITEM 5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
Departure Of Director Or Certain Officer
On March 22, 2023, Mr. Chiu Kin Wong resigned as a Director of Summit Networks
Inc. (the "Company"). Mr. Wong's decision to resign was not the result of any
dispute or disagreements with the Company on any matter relating to the
Company's operation, policies (including accounting or financial policies) or
practices.
Election of Directors and Appointment Of Certain Officers
On the same date, the board of directors (the "Board") appointed the following
individuals as the Directors of the Company: Mr. Youyang (John) Cheng ("Mr.
Cheng"); Mr. Jian Hua James Shu ("Mr. Shu"); Mr. Weiwei (Ricky) Jiang ("Mr.
Jiang") and Xian Nan Zheng ("Ms. Zheng"). At this time, the Company and these
individuals have not entered into any arrangement regarding the payment of
compensation for acting as an officer or a director of the Company.
Mr. Cheng, age 68, is a Managing Director of Asia Region for Global Steering
Systems, LLC ("ARGSS"), which is located in Changshu, China. Mr. Cheng has held
this position since October 2012. ARGSS is in the business of designing and
manufacturing steering systems for various types of vehicles. In 1982, Mr.
Cheng earned a bachelor's degree in Science & Technology from the University of
Shanghai, located in Shanghai, China.
Mr. Shu, age 71, was employed as a Head of Operations at Cara Operations Limited
("COL") from May 1990 to June 2016. COL is in the airline services business.
In 1985 Mr. Shu earned a degree in Industrial Economics Management at Shanghai
University of Finance and Economics, located in Shanghai, China.
Mr. Jiang, age 32, is a Manager at Purewest Property Investment Ltd. ("PPI")
located in Vancouver, British Columbia, Canada. He held this position since
September 2022. PPI is in the real estate development business. In 2009, Mr.
Jiang earned a Bachelor of Commerce degree at the University of British
Columbia, located in Vancouver, British Columbia Canada.
Ms. Zheng, age 42, was employed from 2014 through 2018 as General Manager for
Shanghai Timeless International Transportation Co., Ltd. ("STIT") in Shanghai,
China. STIT is in the business of arranging transportation for freight and
cargo. In 2018 Ms. Zheng earned a Master's Degree in Business Administration at
Northwestern Polytechnic University, located in Vancouver, Canada in 2008.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits.
Exhibit Description
99.1 Resignation letter from Chiu Kin Wong dated March 22, 2023
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