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Polibeli Group (PLBL) CFO resigns; CEO to lead finance interim

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(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Polibeli Group Ltd reports that its Chief Financial Officer, Zhitian Zhang, will resign effective May 15, 2026. The company states he is leaving for personal reasons, with no disagreements over operations, policies, or accounting matters. The board plans to search internal and external candidates for a new CFO. Until a replacement is appointed, Chief Executive Officer Hua Chen will work with the company’s financial controller and assume the roles of principal financial officer and principal accounting officer.

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CFO departs for personal reasons; CEO assumes interim finance duties.

Polibeli Group Ltd announces the resignation of CFO Zhitian Zhang, effective May 15, 2026. The company specifies that his departure is for personal reasons and not related to operations, policies, or accounting practices, which reduces concern about underlying financial reporting issues.

The board will conduct a search among internal and external candidates to find a new CFO. In the meantime, CEO Hua Chen and the financial controller will handle principal financial officer and principal accounting officer responsibilities. This interim setup concentrates responsibility at the top, so subsequent disclosures about the appointment of a permanent CFO will help clarify the long-term finance leadership structure.

CFO resignation effective date May 15, 2026 Effective date of Zhitian Zhang’s resignation as CFO
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.
principal financial officer financial
"assume the duties as principal financial officer and principal accounting officer of the Company"
The principal financial officer is the senior executive who runs a company's financial operations: preparing and certifying financial reports, managing accounting controls, budgets and cash flow, and advising on financial strategy. Investors care about this role because its competence affects how trustworthy the company’s numbers are, how well it manages risk and capital needs, and the credibility of forecasts—like the chief navigator steering a firm's financial course.
principal accounting officer financial
"assume the duties as principal financial officer and principal accounting officer of the Company"
The Principal Accounting Officer is the person responsible for making sure a company's financial records are accurate and follow the rules. They play a key role in preparing financial reports that show how well the company is doing. This helps investors, managers, and regulators trust the company's financial information.
board of directors financial
"The board of directors of the Company intends to conduct a search"
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.

 

 

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 May 2026

Commission File Number: 001-42776

 

Polibeli Group Ltd

(Exact name of registrant as specified in its charter)

 

 

 

Landmark Pluit Tower D 5th & 6th Floor.
Jl. Pluit Selatan Raya, Pluit, Penjaringan,
Kota Jakarta Utara, Daerah Khusus Ibukota Jakarta 14450
Republic of Indonesia

(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 ☐

 

 

  

 

 

 

Change of Chief Financial Officer

 

Mr. Zhitian Zhang (“Mr. Zhang”) will resign as Chief Financial Officer of Polibeli Group Ltd (the “Company”) effective as of May 15, 2026. Mr. Zhang is resigning for personal reasons and there were no disagreements between Mr. Zhang and the Company. His departure is not related to the operations, policies or practices of the Company or any issues regarding accounting policies or practices.

 

The board of directors of the Company intends to conduct a search of potential internal and external candidates to replace Mr. Zhang. In the interim, the Company’s Chief Executive Officer, Mr. Hua Chen, will work with the financial controller of the Company to assume the duties as principal financial officer and principal accounting officer of the Company.

 

1

 

 

SIGNATURE

 

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.

 

  Polibeli Group Ltd
       
  By: /s/ Fucheng Yan
    Name:  Fucheng Yan
    Title: Chairman and Director
       
Date: May 15, 2026      

 

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FAQ

Why is Polibeli Group (PLBL) CFO Zhitian Zhang resigning?

Zhitian Zhang is resigning as Chief Financial Officer for personal reasons, effective May 15, 2026. Polibeli Group states there were no disagreements with him regarding the company’s operations, policies, or accounting practices, suggesting the departure is not tied to reported business or financial issues.

When does the Polibeli Group (PLBL) CFO resignation become effective?

The resignation of Polibeli Group’s CFO, Zhitian Zhang, becomes effective on May 15, 2026. After this date, the CEO and financial controller will jointly handle principal financial and accounting officer duties while the board searches for a permanent replacement from internal and external candidates.

Did Polibeli Group (PLBL) report any disagreements with its departing CFO?

Polibeli Group reports no disagreements between CFO Zhitian Zhang and the company. It specifically notes that his resignation is not related to the company’s operations, policies, practices, or accounting policies, indicating the departure is not driven by a dispute over financial reporting or governance matters.

Who will handle finance responsibilities at Polibeli Group (PLBL) after the CFO resigns?

After CFO Zhitian Zhang resigns, CEO Hua Chen will work with the company’s financial controller to assume duties as principal financial officer and principal accounting officer. This interim arrangement will remain in place while the board of directors searches for a new chief financial officer.

Is Polibeli Group (PLBL) searching for a new Chief Financial Officer?

Yes, Polibeli Group’s board of directors intends to conduct a search for a new Chief Financial Officer. The search will consider both internal and external candidates. Until a successor is appointed, the CEO and financial controller will handle the company’s principal financial and accounting responsibilities.