Eastern International (ELOG) expands board to seven members with two new appointments
Rhea-AI Filing Summary
Eastern International Ltd. filed a report describing governance changes approved on May 18, 2026. The Board of Directors increased in size from five to seven members and appointed Chi Wing Ma and Yuanjian Zhang to fill the new seats.
Mr. Ma, age 58, has a long executive background at Chevalier International Holdings and has been assisting Chairman and CEO Albert Wong since February 2026. Mr. Zhang, age 36, has entrepreneurial and management experience in several Chinese companies and was determined to be an independent director under NASDAQ Rule 5605(a)(2).
The company entered into director agreements with both appointees on May 18, 2026. Under these agreements, Mr. Ma will receive $8,500 per month, paid monthly, and Mr. Zhang will receive $1,000 per month, paid quarterly, and both are subject to customary confidentiality and non-disclosure obligations.
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Key Figures
Board size: 7 members
Director fee - Chi Wing Ma: $8,500 per month
Director fee - Yuanjian Zhang: $1,000 per month
+2 more
5 metrics
Board size
7 members
Increased from five members on May 18, 2026
Director fee - Chi Wing Ma
$8,500 per month
Director compensation payable monthly under agreement dated May 18, 2026
Director fee - Yuanjian Zhang
$1,000 per month
Director compensation payable quarterly under agreement dated May 18, 2026
Age of Chi Wing Ma
58 years
Age disclosed in director biography
Age of Yuanjian Zhang
36 years
Age disclosed in director biography
Key Terms
independent director, NASDAQ Rule 5605(a)(2), director agreements, confidentiality and non-disclosure obligations, +1 more
5 terms
independent director regulatory
"The Board also has determined that Mr. Zhang is an “independent director” as defined by NASDAQ Rule 5605(a)(2)."
An independent director is a member of a company's board of directors who is not involved in the company's day-to-day operations and has no significant relationships with the company that could influence their judgment. Their role is to provide unbiased oversight and ensure the company is managed in the best interests of all shareholders. This helps build trust and confidence among investors by promoting transparency and accountability.
NASDAQ Rule 5605(a)(2) regulatory
"The Board also has determined that Mr. Zhang is an “independent director” as defined by NASDAQ Rule 5605(a)(2)."
director agreements financial
"In connection with their appointments, the Company entered into director agreements (the “Agreements”) with Mr. Ma and Mr. Zhang on May 18, 2026."
confidentiality and non-disclosure obligations regulatory
"The Agreements impose certain customary confidentiality and non-disclosure obligations on the directors."
foreign private issuer regulatory
"FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16"
A foreign private issuer is a company organized outside the United States that meets tests showing it is primarily foreign-controlled and therefore qualifies for a different set of U.S. reporting rules. For investors, that means the company files less frequent or differently formatted disclosures with U.S. regulators and may follow home-country accounting and governance practices, so buying its stock is like dining at a well-reviewed restaurant that follows its home kitchen’s rules instead of the local menu — you get access but should check what standards apply.
FAQ
What governance change did Eastern International Ltd. (ELOG) report in this 6-K?
Eastern International Ltd. expanded its Board of Directors from five to seven members and appointed two new directors. This change broadens board oversight and adds additional experience and perspectives to the company’s governance structure.
Who are the new directors appointed to Eastern International Ltd. (ELOG)'s board?
The company appointed Chi Wing Ma and Yuanjian Zhang as new board members. Ma brings extensive executive experience, while Zhang adds entrepreneurial and management background in Chinese companies, including consulting and health-related businesses.
Is the new director Yuanjian Zhang considered independent at Eastern International Ltd. (ELOG)?
Yes. The Board determined that Yuanjian Zhang qualifies as an independent director under NASDAQ Rule 5605(a)(2). This classification helps support board objectivity and aligns with exchange corporate governance requirements for listed companies.
What compensation will new director Chi Wing Ma receive from Eastern International Ltd. (ELOG)?
Under his director agreement, Chi Wing Ma will receive compensation of $8,500 per month, payable monthly. This fee is for his service on the Board and is accompanied by customary confidentiality and non-disclosure obligations.
What compensation will new director Yuanjian Zhang receive from Eastern International Ltd. (ELOG)?
Under his director agreement, Yuanjian Zhang will receive $1,000 per month, payable quarterly. This compensation is for his role as a board member and is also subject to standard confidentiality and non-disclosure obligations.
When were the new director agreements at Eastern International Ltd. (ELOG) executed?
The director agreements with Chi Wing Ma and Yuanjian Zhang were executed on May 18, 2026. These agreements formalize their appointments to the Board and set their compensation and confidentiality obligations.
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