Wave Sync Corp. reported that Hon Man Yun, the company's CEO, passed away on October 3, 2023. On October 7, 2024, the Board appointed Hong Chen as the new CEO and Chairman. The Board also appointed Xiaoyue Zhang as the CFO, effective the same day. Additionally, Larry Wu was appointed as a member of the Board. He has a background in luxury car export trading, investment, and solar power projects. No arrangements have influenced these appointments, there are no reportable family relationships or transactions, and no material plans or contracts were amended in connection with these executive appointments.
Names for clarity: - Wave Sync Corp. - Hon Man Yun - Hong Chen - Xiaoyue Zhang - Larry Wu - YW Capital Inc. - Flawless Auto Mall - Bauing Group USA Ltd. - Peking University - Worcester Polytechnic Institute