STOCK TITAN

New director joins Rising Dragon Acquisition Corp. (RDAC) board after Yeung exit

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Rising Dragon Acquisition Corp. reported a board change. On March 12, 2026, director Kei Tung Yeung resigned, and the company stated his resignation did not result from any disagreement with the company. On the same day, Xiaomin Pang, a 53-year-old Chinese Certified Public Accountant and Certified Tax Agent, was appointed to succeed him.

Mr. Pang has over 25 years of experience in accounting, auditing, and financial management, including leading audit engagements and serving as chief financial officer for several Chinese companies. The company believes his expertise in audit, financial controls, and corporate governance will strengthen its financial reporting and risk management. He has no family relationships with existing executives or directors, and the company reports no related-party transactions involving him over the past two years.

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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 8-K

 

Current Report

 

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

March 12, 2026

Date of Report (Date of earliest event reported)

 

Rising Dragon Acquisition Corp.

(Exact Name of Registrant as Specified in its Charter)

 

Cayman Islands   001-42368   n/a
(State or other jurisdiction
of incorporation)
  (Commission File Number)   (I.R.S. Employer
Identification No.)

 

No. 604, Yixing Road,
Wanbolin District, Taiyuan City,
Shanxi Province, People’s Republic of China
  030024
(Address of Principal Executive Offices)   (Zip Code)

 

Registrant’s telephone number, including area code: +86 18817777987

 

N/A

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act
   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Units, each consisting of one Ordinary Share, par value $0.0001 per share, and one Right entitling the holder to receive one-tenth of an Ordinary Share   RDACU   The Nasdaq Stock Market LLC
Ordinary Shares   RDAC   The Nasdaq Stock Market LLC
Rights   RDACR   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

 

 

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

On March 12, 2026, Kei Tung Yeung resigned as a director of Rising Dragon Acquisition Corp. (the “Company”). Mr. Yeung’s resignation did not result from any disagreement with the Company.

 

On that same day, Mr. Xiaomin Pang was appointed to succeed Mr. Yeung following his resignation. Mr. Pang’s biography is provided below:

 

Xiaomin Pang, age 53, is a Chinese Certified Public Accountant and Certified Tax Agent with over 25 years of experience in accounting, auditing, and financial management. Since 2018, he has served as Director of Audit Department at Shanxi Zhengyu Certified Public Accountants LLP, leading audit engagements for major corporate clients and overseeing financial statement audits, internal control reviews, and compliance assessments. Previously, he was Chief Financial Officer of Guangcai Group Shanxi Industrial Development Co., Ltd. from 2016 to 2017 and Chief Financial Officer of Shanxi Beidou Hanhai Technology Co., Ltd. from 2013 to 2016, where he was responsible for enterprise-wide financial management, internal controls, and financial reporting in preparation for public listing. Earlier in his career, Mr. Pang held audit leadership roles at Shanxi Zhengyu Certified Public Accountants LLP from 2005 to 2013 and served as Chief Accountant at the Anti-Counterfeiting Company of Shanxi Tobacco Company from 1999 to 2004. The Company believes that Mr. Pang will bring valuable expertise in audit, financial controls, and corporate governance, and that his independent perspective and technical skills will strengthen the Company’s financial reporting, risk management, and overall governance.

 

Mr. Pang has no any family relationships with any of the executive officers or directors of the Company. Additionally, there have been no transactions in the past two years to which the Company or any of its subsidiaries was or is to be a party, in which Mr. Pang had, or will have, a direct or indirect material interest.

 

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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 hereunto duly authorized.

 

Dated: March 16, 2026  
     
RISING DRAGON ACQUISITION CORP.  
     
By: /s/ Lulu Xing  
Name:  Lulu Xing  
Title: Chief Executive Officer  

 

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FAQ

What board change did Rising Dragon Acquisition Corp. (RDAC) disclose?

Rising Dragon Acquisition Corp. disclosed that director Kei Tung Yeung resigned on March 12, 2026, and was immediately succeeded by Xiaomin Pang. The company stated Yeung’s resignation did not result from any disagreement, suggesting it was a routine governance change rather than a dispute-driven departure.

Who is the new director appointed to Rising Dragon Acquisition Corp. (RDAC)?

The company appointed Xiaomin Pang as a director to succeed Kei Tung Yeung. Pang is a 53-year-old Chinese Certified Public Accountant and Certified Tax Agent with over 25 years of experience in accounting, auditing, and financial management across audit firms and corporate chief financial officer roles.

Does Rising Dragon Acquisition Corp. say the director resignation involved any disagreement?

The company states that Kei Tung Yeung’s resignation did not result from any disagreement with Rising Dragon Acquisition Corp. This language signals that, based on the company’s disclosure, the change is portrayed as orderly and not tied to disputes over operations, policies, or practices.

What is the professional background of RDAC director Xiaomin Pang?

Xiaomin Pang has more than 25 years in accounting, auditing, and financial management. He serves as Director of Audit at Shanxi Zhengyu Certified Public Accountants LLP and previously held chief financial officer roles at Guangcai Group Shanxi Industrial Development and Shanxi Beidou Hanhai Technology, overseeing financial reporting and internal controls.

Are there any family relationships between RDAC’s new director and existing leadership?

The company states that Xiaomin Pang has no family relationships with any of Rising Dragon Acquisition Corp.’s executive officers or directors. This disclosure is intended to clarify his independence from current leadership and reduce concerns about nepotism or undisclosed familial influence on board decisions.

Filing Exhibits & Attachments

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