Aspac II Acquisition Corp. announces board and executive changes

Aspac II Acquisition Corp. (OTC:ASUUF, (OTC:ASCBF), OTC:ASCRF, OTC:ASCWF) announced on Monday a significant change in its board of directors and executive leadership, according to a statement filed with the Securities and Exchange Commission.

Effective Monday, Malcolm F. MacLean IV, Anson Chan, Bryan Biniak, and Paul Cummins (NYSE:CMI) resigned as directors of the company. The company stated there were no disagreements between these directors and Aspac II Acquisition Corp. regarding operations, policies, or practices.

Aspac II Acquisition Corp. appointed Yip Tsz Yan, Tsang Wing Sze, Luk Sui Cheung Peter, and Minjie Mao to fill the four resulting board vacancies.

In addition, Serena Shie resigned as Chief Executive Officer and Claudius Tsang resigned as Chief Financial Officer, both effective Monday. Yip Tsz Yan was appointed as Chief Executive Officer, Chief Financial Officer, and Chairman of the Board.

The company disclosed that, on Monday, Yip Tsz Yan, Tsang Wing Sze, Luk Sui Cheung Peter, Minjie Mao, and Serena Shie entered into indemnity agreements with Aspac II Acquisition Corp. These agreements are on substantially the same terms as those previously filed with the SEC in March 2022.

The newly appointed executives and directors bring experience from various sectors. Yip Tsz Yan, age 32, has held positions in family office services, property management, and real estate development. Tsang Wing Sze, age 41, has experience in financial planning, healthcare, legal advisory, and international trade. Luk Sui Cheung Peter, age 70, has a background in building-materials trade and product development, while Minjie Mao, age 42, has worked in marketing and corporate management.

This information is based on a statement released by Aspac II Acquisition Corp. in a filing with the Securities and Exchange Commission.

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