Jiade Limited (NASDAQ: JDZG) adds director Kunqi Bai after Li resignation
Rhea-AI Filing Summary
Jiade Limited announced that Mr. Xiaohui Li resigned as a director and Joint-Chief Executive Officer, effective August 7, 2026. Mr. Li indicated his departure was for personal reasons and not due to any disagreement regarding the company’s operations, policies, or practices.
To fill the board vacancy, the board appointed Mr. Kunqi Bai as a director on the same date. Mr. Bai has served since August 2005 as executive deputy general manager of Sichuan Huifeng Western Enterprise Management Co., Ltd. and previously served as a director of Jiade Limited from May 2024 to January 2025. He holds law and Chinese Language and Literature degrees, has no family relationships with current directors or executives, and has not engaged in transactions requiring disclosure under Item 404(a) of Regulation S-K.
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- Joint-Chief Executive Officer and director resigns effective August 7, 2026, representing a significant leadership change even though the company states it is for personal reasons and not due to any disagreement.
Key Figures
Resignation effective date: August 7, 2026
Start of Bai executive role: August 2005
Prior Jiade board service: May 2024 to January 2025
+2 more
5 metrics
Resignation effective date
August 7, 2026
Effective date of Mr. Xiaohui Li’s resignation as director and Joint-Chief Executive Officer
Start of Bai executive role
August 2005
Mr. Bai has served as executive deputy general manager since August 2005
Prior Jiade board service
May 2024 to January 2025
Period when Mr. Bai previously served as a director of Jiade Limited
Associate’s degree year
2005
Year Mr. Bai received his associate’s degree in law
Bachelor’s degree year
2007
Year Mr. Bai received his bachelor’s degree in Chinese Language and Literature
Key Terms
foreign private issuer, Form 20-F, Form 40-F, corporate governance, +1 more
5 terms
foreign private issuer regulatory
"FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-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.
Form 20-F regulatory
"whether the registrant files or will file annual reports under cover of Form 20-F"
Form 20-F is the standardized annual disclosure that non-U.S. companies must file with the U.S. securities regulator when their shares are traded in the U.S.; it contains audited financial statements, a plain-language description of the business, management discussion, governance details and key risk factors. It matters to investors because it provides a consistent, comparable company “report card” and rulebook, helping buyers assess financial health, governance and risks before investing.
Form 40-F regulatory
"whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F"
A Form 40-F is a standardized annual filing used by certain Canadian companies that trade in U.S. markets to give U.S. regulators and investors the same core financial statements and key disclosures they file in Canada. Think of it as a translated, formally packaged annual report that lets investors in a different marketplace compare a company’s results, governance and risks more easily, which reduces uncertainty and helps investment decisions.
corporate governance financial
"participating in the oversight of the Company’s corporate governance, strategic initiatives"
Corporate governance is the system of rules, roles and oversight that determines how a company is directed and controlled, including the responsibilities of its board, executives and shareholders. Like the steering wheel and map for a car trip, it shapes decisions, sets checks on power and defines who can hold leaders accountable; strong governance reduces risk, builds trust and helps investors judge whether a company is likely to protect capital and deliver reliable returns.
Item 404(a) of Regulation S-K regulatory
"transaction with the Company during the past two years that would require disclosure under Item 404(a) of Regulation S-K"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What leadership change did Jiade Limited (JDZG) disclose on August 7, 2026?
Jiade Limited disclosed that Mr. Xiaohui Li resigned as a director and Joint-Chief Executive Officer effective August 7, 2026. The company also appointed Mr. Kunqi Bai as a new director to fill the resulting board vacancy.
Why did Mr. Xiaohui Li resign from Jiade Limited (JDZG)?
Mr. Xiaohui Li resigned from his roles at Jiade Limited for personal reasons. He advised that his resignation was not due to any disagreement with the company regarding its operations, policies, or practices, according to the company’s disclosure.
Who is the new director appointed by Jiade Limited (JDZG)?
Jiade Limited appointed Mr. Kunqi Bai as a director on August 7, 2026. He has served since August 2005 as executive deputy general manager of Sichuan Huifeng Western Enterprise Management Co., Ltd. and previously sat on Jiade’s board from May 2024 to January 2025.
What prior experience does Kunqi Bai have with Jiade Limited (JDZG)?
Mr. Kunqi Bai previously served as a director of Jiade Limited from May 2024 to January 2025. During that period, he participated in overseeing corporate governance, strategic initiatives, and other matters that required board-level approval.