AiRWA Inc. (Nasdaq: YYAI) reshapes board, appoints new committee chair
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
AiRWA Inc. reported board changes, including the resignation of director Chenlong Liu on July 10, 2026, which was not due to any disagreement regarding operations, policies, or practices. The company’s common stock, par value $0.001 per share, trades on the Nasdaq Capital Market under the symbol YYAI.
On July 15, 2026, the Board appointed Chief Financial Officer Guibao Ji and Alejandro Quiles as directors. Quiles will chair the Compensation Committee and serve on the Nominating and Corporate Governance and Audit Committees, and has been determined to be an independent director under Nasdaq Rule 5605(a)(2) and SEC Rule 10A-3. AiRWA entered into Director Service and Indemnity Agreements with both appointees; Ji receives no additional compensation beyond his CFO pay, while Quiles will receive $15,000 per financial quarter for Board and committee service. The company states there are no family relationships or related-party transactions involving Ji or Quiles that are reportable.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 5.02, 9.01
2 items
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.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Resignation effective date: July 10, 2026
Director appointments date: July 15, 2026
Par value per share: $0.001
+1 more
4 metrics
Resignation effective date
July 10, 2026
Effective date of director Chenlong Liu’s resignation from the Board
Director appointments date
July 15, 2026
Date when Guibao Ji and Alejandro Quiles were appointed to the Board
Par value per share
$0.001
Par value of AiRWA Inc. common stock
Quarterly director cash compensation
$15,000 per financial quarter
Cash compensation to Alejandro Quiles for Board and committee service, paid in arrear
Key Terms
independent director, Nasdaq Rule 5605(a)(2), SEC Rule 10A-3, Director Service and Indemnity Agreement, +2 more
6 terms
independent director regulatory
"The Board has determined that Mr. Quiles is 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.
Nasdaq Rule 5605(a)(2) regulatory
"independent director as defined in Nasdaq Rule 5605(a)(2) and SEC Rule 10A-3"
SEC Rule 10A-3 regulatory
"independent director as defined in Nasdaq Rule 5605(a)(2) and SEC Rule 10A-3"
Director Service and Indemnity Agreement regulatory
"the Company entered into a Director Service and Indemnity Agreement (each, a “Director Agreement”)"
Item 404(a) of Regulation S-K regulatory
"no related-party transactions with regard to Mr. Ji or Mr. Quiles reportable under Item 404(a) of Regulation S-K"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What board changes did AiRWA Inc. (YYAI) report in July 2026?
AiRWA Inc. reported that director Chenlong Liu resigned from the Board effective July 10, 2026, and on July 15, 2026 appointed CFO Guibao Ji and Alejandro Quiles as new directors, expanding and reshaping its board leadership and committee structure.
Did Chenlong Liu resign from AiRWA Inc. (YYAI) due to a disagreement?
No. AiRWA Inc. stated that Chenlong Liu did not resign because of any disagreement with the company regarding its operations, policies, or practices. This indicates his departure is not being attributed to internal disputes or governance conflicts by the company.
What roles will new director Alejandro Quiles hold at AiRWA Inc. (YYAI)?
Alejandro Quiles will serve as chairman of the Compensation Committee and as a member of the Nominating and Corporate Governance Committee and the Audit Committee. The Board has determined that he qualifies as an independent director under Nasdaq and SEC rules.
How will AiRWA Inc. (YYAI) compensate director Alejandro Quiles?
AiRWA Inc. will pay $15,000 per financial quarter in cash compensation to Alejandro Quiles for his service on the Board and its committees. This amount is described as being paid in arrear under his Director Service and Indemnity Agreement.
Will AiRWA Inc. (YYAI) pay additional board compensation to CFO and director Guibao Ji?
No. The company explains that Guibao Ji will not receive additional compensation for Board service beyond his existing compensation as Chief Financial Officer. His terms are set out in a Director Service and Indemnity Agreement with AiRWA Inc.
Is new director Alejandro Quiles considered independent at AiRWA Inc. (YYAI)?
Yes. The Board determined that Alejandro Quiles is an independent director under Nasdaq Rule 5605(a)(2) and SEC Rule 10A-3. This status is important for committee service, particularly on the Audit and Compensation Committees under exchange and regulatory standards.