|Yasheng Group (US)|
/6/ In the 8-K for August 26 2016 one can see the following text “Item 5.02 Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
“On August 26, 2016, YASHENG GROUP (the “Company”) at a meeting of the Board of Directors (i) accepted the
resignation of Ye Dong as a Director and Chairman due to retirement, (ii) appointed Cui Wei Hao as a Director and
Chairman, (iii) removed Wu Mei Ping as President and Secretary and from all offices, effective August 11, 2016,
(iv) appointed Cui Wei Hao as President and Chief Executive Officer effective August 11, 2016, (v) appointed Zhuang
Haiyun as Secretary, Chief Financial Officer and Treasurer, effective August 11, 2016. Mr. Cui’s compensation consists
of $180,000 per annum. Mr. Zhuang’s compensation consists of $30,000 per annum.” [complete text]
/7/ For the record, what 10_Qs and10-Ks were filed in the past were written by the same Meiping Wu and reflected the
finances of the parent companies in China. Except for a few small-scale cannibidiol (still illegal at that time) sales the
Redwood City company never had sales income. None. Zero.
/8/ The highly-touted Angel Star joint venture with Intermountain Brands of Utah was the subject of an angry
cancellation by Intermountain. The attorney who wrote the cancellation letters in English and Chinese is Randall Skeen
– his email is email@example.com and his phone is 801-266-7414 (Salt Lake City). There was no 8-K for the
cancel. This is unremarkable because Yasheng Group announced a new business alliance every few months. Not one
ever realized any sales revenues.
/9/ Meiping Wu started and starts new companies (which were often announced as subsidiaries of Yasheng Group) at a
breath-taking pace. Over 100 KNOWN companies in 12 US states and 10 foreign countries. Documenting is a very tedious process
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