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Happy City Holdings names Feng Wang CEO from Oct. 31

The incoming CEO receives no compensation for CEO service; his HK$180,000 annual salary is for chair and Executive Director duties.

(Moderate)

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Form Type
6-K

Rhea-AI Filing Summary

Happy City Holdings Ltd (HCHL) said Suk Yee Kwan will resign as CEO and Executive Director effective October 31, 2026, for personal reasons. She confirmed she has no disagreements or disputes with the company, its board or management concerning operations, policies or practices.

Feng Wang will become CEO on October 31, replacing Kwan, and will continue as board chair and Executive Director, roles he has held since September 18, 2026. He will receive no compensation for CEO service; under his separate chair and Executive Director agreement, he receives an annual salary of HK$180,000 (approximately US$22,951), payable monthly. Wang has served as a director of the company's wholly owned subsidiary Happy City Developments Limited since February 9, 2026.

Annual salary for chair and Executive Director roles HK$180,000 per year Payable monthly
Approximate annual salary in U.S. dollars Approximately US$22,951 per year For chair and Executive Director roles
CEO transition effective date October 31, 2026 Feng Wang replaces Suk Yee Kwan
Board chair and Executive Director service began September 18, 2026 Feng Wang
Subsidiary director service began February 9, 2026 Feng Wang at Happy City Developments Limited
Executive Director technical
"resignation as the Chief Executive Officer and Executive Director"
An executive director is a senior leader who both sits on a company’s board and runs day-to-day operations or a major business unit, acting like the bridge between oversight and execution. Investors watch this role because the person sets strategy, makes key resource and hiring decisions, and is accountable for performance—similar to a ship’s captain who also helps steer the fleet.
Nominating Committee technical
"upon the recommendation of the Nominating Committee"
A nominating committee is a small group of company directors tasked with finding, evaluating and recommending people to serve on the board. Think of it as a hiring panel that chooses the team responsible for guiding the business and holding management accountable. Investors care because the committee’s choices shape the board’s experience, independence and judgment, which directly affect strategy, oversight, leadership succession and the protection of shareholder interests.
CEO Employment Agreement financial
"the “CEO Employment Agreement”"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When does HCHL's CEO transition take effect?

The CEO transition takes effect October 31, 2026, when Feng Wang replaces Suk Yee Kwan. Kwan's resignation as CEO and Executive Director is effective on the same date.

Will HCHL's new CEO receive separate compensation for the CEO role?

No. Feng Wang will not receive compensation for his CEO service. He will continue to be compensated as board chair and Executive Director under a separate agreement, with an annual salary of HK$180,000 (approximately US$22,951), payable monthly.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of October 2026

 

Commission File Number: 001-42712

 

HAPPY CITY HOLDINGS LIMITED

(Translation of registrant’s name into English)

 

30 Cecil Street
#19-08 Prudential Tower
Singapore

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F ☒        Form 40-F ☐

 

 

 

 

 

 

This Report on Form 6-K (this “Report”) is being filed by Happy City Holdings Limited (the “Company”) to report the resignation of its Chief Executive Officer and Director and the appointment of a new Chief Executive Officer of the Company.

 

Resignation of Ms. Suk Yee, Kwan as Chief Executive Officer and Executive Director

 

On October 21, 2026, Ms. Suk Yee, Kwan (“Ms. Kwan”) tendered her resignation as the Chief Executive Officer and Executive Director of the Company, effective October 31, 2026, due to personal reasons. In connection with her resignation, Ms. Kwan has confirmed that there are no disagreements or disputes with the Company, the Board, or management on any matter relating to the Company’s operations, policies, or practices.

 

Appointment of Mr. Feng, Wang as Chief Executive Officer

 

On October 21, 2026, upon the recommendation of the Nominating Committee, the Board of Directors of the Company (the “Board”) approved, by written resolution, the appointment of Mr. Feng, Wang (“Mr. Wang”) as the Chief Executive Officer of the Company, effective October 31, 2026, replacing Ms. Kwan. Mr. Wang will continue to serve as the Chair of the Board and an Executive Director of the Company, positions he has held since September 18, 2026. Mr. Wang has also served as a director of Happy City Developments Limited, a wholly owned subsidiary of the Company, since February 9, 2026.

 

In connection with the appointment, the Company entered into an employment agreement with Mr. Wang dated October 21, 2026 (the “CEO Employment Agreement”), which governs Mr. Wang’s service as the Company’s Chief Executive Officer. Under the CEO Employment Agreement, Mr. Wang will not receive any compensation for his services as Chief Executive Officer. A copy of the CEO Employment Agreement is filed as Exhibit 10.1 to this Report. Mr. Wang will continue to be compensated solely in his capacity as the Chair of the Board and an Executive Director of the Company pursuant to the employment agreement between the Company and Mr. Wang dated September 14, 2026 (the “Director Employment Agreement”), under which Mr. Wang receives an annual salary of HK$180,000 (approximately US$22,951), payable on a monthly basis. The Director Employment Agreement was filed as Exhibit 10.1 to the Company’s Report on Form 6-K furnished to the Securities and Exchange Commission on September 30, 2026.

 

Mr. Wang does not have a family relationship with any director or executive officer of the Company. Other than as described herein, Mr. Wang has not been involved in any transaction with the Company during the past two years that would require disclosure under Item 404(a) of Regulation S-K. The foregoing descriptions of the CEO Employment Agreement and the Director Employment Agreement are general descriptions only, do not purport to be complete, and are qualified in their entirety by reference to the full text of the CEO Employment Agreement, filed as Exhibit 10.1 to this Report, and the Director Employment Agreement, filed as Exhibit 10.1 to the Company’s Report on Form 6-K furnished on September 30, 2026, each of which is incorporated herein by reference.

 

EXHIBIT INDEX

 

Exhibit No.   Description
10.1  

Employment Agreement by and between the Company and Mr. Feng, Wang, dated October 21, 2026, relating to his service as Chief Executive Officer.

 

1

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Date: October 27, 2026 Happy City Holdings Limited
     
  By: /s/ Suk Yee, Kwan
  Name:  Suk Yee, Kwan
  Title: Chief Executive Officer and Director

 

2

 

Filing Exhibits & Attachments

1 document

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