GD Culture Group increases CFO annual salary with new employment agreement

GD Culture Group Ltd (NASDAQ:GDC) entered into a new employment agreement with Chief Financial Officer Zihao Zhao, the company disclosed in a filing with the Securities and Exchange Commission. The micro-cap company, currently valued at $59 million, has seen its stock surge over 219% in the past year despite posting negative EBITDA of -$8.16 million.

According to the statement made in a press release and filed on Thursday, the new agreement replaces Zhao’s previous contract dated April 21, 2023. The new agreement is effective as of May 15, 2025.

The main change in the new contract is an increase in Zhao’s annual base salary to $100,000. The company stated that other terms of the agreement remain substantially similar to the prior arrangement.

GD Culture Group, which is incorporated in Nevada and based in New York, operates in the wholesale metals and minerals sector. The company’s common stock is listed on the Nasdaq Capital Market under the ticker GDC.

The filing indicated that the summary of the employment agreement is qualified in its entirety by the full text of the agreement, which was included as an exhibit to the Form 8-K.

This information is based on a press release statement and the company’s SEC filing.

In other recent news, GD Culture Group Limited has announced a significant stock sale agreement worth up to $300 million, intended to bolster its crypto asset treasury strategy. This initiative aims to integrate cryptocurrencies like Bitcoin and OFFICIAL TRUMP digital tokens into the company’s core treasury operations, aligning with the growing decentralized finance ecosystem. The company’s chairman, Xiaojian Wang, emphasized that this move reflects industry trends and GD Culture Group’s strengths in digital technologies. Separately, GD Culture Group has launched a $5.5 million private placement involving the sale of common stock and pre-funded warrants, with plans to use the proceeds for working capital. Univest Securities, LLC is acting as the sole placement agent for this transaction. The company plans to file a resale registration statement with the U.S. Securities and Exchange Commission to facilitate the resale of the common stock involved in the private placement. These developments are part of GD Culture Group’s broader strategy to expand into the livestreaming e-commerce market. The company operates primarily through its subsidiaries, AI Catalysis Corp. and Shanghai Xianzhui Technology Co, Ltd.

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