STOCK TITAN

Leadership reshuffle at WiMi (NASDAQ: WIMI) as CTO and directors exit

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

Rhea-AI Filing Summary

WiMi Hologram Cloud Inc. reported multiple board and leadership changes effective March 31, 2026. Mr. Songrui Guo resigned as director and Chief Technology Officer, while Mr. Teck Yong Heng and Ms. Ting Zhang stepped down as independent directors, with Mr. Heng also leaving his role as Audit Committee chairperson.

The company stated these resignations were not due to any dispute or disagreement over operations, policies, practices, or accounting. To fill the vacancies, the Board appointed Mr. Ethan Yang as an independent director and Audit Committee member and named existing independent director Mr. Hongtao Zhao as the new Audit Committee chairperson.

Following these moves, the Audit Committee consists of two independent directors, Mr. Zhao and Mr. Yang, who each meet the independence requirements of the Nasdaq Stock Market and the Securities Exchange Act of 1934.

Positive

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Insights

WiMi refreshes its board and audit leadership while maintaining independence compliance.

WiMi Hologram Cloud Inc. disclosed the simultaneous resignation of its Chief Technology Officer, who was also a director, and two independent directors, including the Audit Committee chairperson, effective March 31, 2026. The company states these departures were not driven by disputes over operations, policies, practices, or accounting principles.

The Board moved the same day to appoint Ethan Yang as an independent director and Audit Committee member and elevated existing independent director Hongtao Zhao to Audit Committee chairperson. This preserves Audit Committee functionality and independence under Nasdaq and Exchange Act standards, which is important for oversight of financial reporting and internal controls.

From an investor perspective, the rapid replacement of committee leadership limits governance disruption, but the combination of a departing CTO and multiple director changes may draw attention to future disclosures for additional context on strategic and board-level continuity.

Form type Form 6-K Report of foreign private issuer under Exchange Act
Effective date of resignations March 31, 2026 Directors and CTO stepped down on this date
Audit Committee size 2 members Post-changes: Hongtao Zhao (Chairperson) and Ethan Yang
Filing date April 3, 2026 Date the report was signed by the company
foreign private issuer regulatory
"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.
independent director financial
"appointed Mr. Ethan Yang to serve as an independent director"
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.
Audit Committee financial
"chairperson of the Audit Committee of the Board of Directors"
A company's audit committee is a small group of board members who act like independent inspectors for the firm's finances, overseeing how financial reports are prepared, monitoring internal controls, and managing the relationship with external auditors. Investors care because a strong audit committee reduces the risk of accounting errors, fraud, or misleading statements, making financial statements more trustworthy and helping protect shareholder value.
Regulation S-K regulatory
"requiring disclosure under Item 404(a) of Regulation S-K"
A set of U.S. Securities and Exchange Commission rules that tell public companies which narrative and qualitative details must be disclosed in filings, such as risk factors, management discussion, executive pay, legal proceedings and business description. Think of it as a standardized checklist or blueprint that ensures investors get the same types of background information from every company so they can compare risks, management quality and strategy before making investment decisions.
Nasdaq Stock Market regulatory
"each of whom satisfies the applicable independence requirements of the Nasdaq Stock Market"
The Nasdaq Stock Market is a place where many companies' shares are bought and sold, functioning like a marketplace for investing in businesses. It matters to investors because it provides a platform to buy and sell ownership stakes in companies, helping people grow their wealth or fund business growth. Known for hosting many technology and innovative companies, it is a key indicator of the health of those sectors.
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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 April 2026

 

Commission File Number: 001-39257

 

WiMi Hologram Cloud Inc.

(Registrant’s Name)

 

Room#1508, 4th Building, Zhubang 2000 Business Center, No. 97, Balizhuang Xili,

Chaoyang District, Beijing

The People’s Republic of China, 100020

(Address of Principal Executive Offices)

 

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

 

Form 20-F ☒      Form 40-F ☐

 

 

 

 

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;

 

Resignation of Directors and Officers

 

Effective March 31, 2026, Mr. Songrui Guo resigned from his positions as a director and Chief Technology Officer of WiMi Hologram Cloud Inc. (the “Company”). On the same date, Mr. Teck Yong Heng resigned from his position as an independent director and chairperson of the Audit Committee of the Board of Directors of the Company (the “Board”), and Ms. Ting Zhang resigned from her position as an independent director of the Company.

 

The resignations of Mr. Guo, Mr. Heng, and Ms. Zhang were not the result of any dispute or disagreement with the Company, the Board, or management regarding any matter relating to the Company’s operations, policies, practices, or accounting principles.

 

Election of Directors; Appointment to Committees

 

To fill the vacancies created by the aforementioned resignations, on March 31, 2026, the Board appointed Mr. Ethan Yang to serve as an independent director of the Company and as a member of the Audit Committee, effective immediately.

 

There are no arrangements or understandings between Mr. Yang and any other persons pursuant to which he was selected as a director. There are no transactions in which Mr. Yang has an interest requiring disclosure under Item 404(a) of Regulation S-K.

 

Additionally, effective March 31, 2026, the Board appointed existing independent director Mr. Hongtao Zhao to succeed Mr. Heng as the chairperson of the Audit Committee. Following these appointments, the Audit Committee consists of Mr. Hongtao Zhao (Chairperson) and Mr. Ethan Yang, each of whom satisfies the applicable independence requirements of the Nasdaq Stock Market and the Securities Exchange Act of 1934, as amended.

 

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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, thereunto duly authorized.

 

  WiMi Hologram Cloud Inc.
   
  By: /s/ Shuo Shi
  Name:  Shuo Shi
  Title: Chief Executive and Operations Officer

 

Date: April 3, 2026

 

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