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Webuy Global Ltd (NASDAQ:WBUY) reported several leadership changes, according to a press release statement based on a recent SEC filing.
On September 25, Heng Wee Koon resigned as an independent director of the company, effective the same day. On October 22, the board of directors, along with the nominating and compensation committees, approved the appointment of Amanda Guo Jie as an independent director and chair of the audit committee, effective October 22.
Amanda Guo Jie has nearly 20 years of experience in financial management, audit, and advisory roles. She previously worked at Deloitte & Touche LLP in Singapore and has held chief financial officer positions at Ascent Bridge Limited and Sino Grandness Food Industry Group Limited. Guo holds a Bachelor of Science with Honours in Applied Accountancy from Oxford Brookes University. She agreed to an annual compensation of SGD30,000 as part of her appointment.
On October 23, Catherine Phang Ai Lian resigned as chief financial officer, effective the same day. The board approved the appointment of Youyi Zhang as the new chief financial officer, effective October 23. Phang will assume the role of chief operating officer.
Youyi Zhang brings over 15 years of experience in financial management, audit, and corporate governance across listed companies and multinational firms. His previous roles include finance positions at Y.M. Kew & Co., China Construction (South Pacific) Development Co. Pte. Ltd., Double-Trans Pte. Ltd., Samco Civil Engineering Pte. Ltd., Ascent Bridge Group Limited, and Webuy Group Limited. Zhang is an IS Chartered Accountant (Singapore) and holds a Bachelor’s Degree in Economics from Shandong University of Finance.
Zhang and Phang have entered into employment agreements with annual compensation of $92,400 and $83,300 respectively, effective October 23.
These changes were disclosed in a press release statement and detailed in the company’s recent SEC filing.
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