OAK 1.43% 7.1¢ oakridge international limited

XPE General Topics, page-4364

  1. 227 Posts.
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    Please have a look at this and read very carefully again:

    "The board of Xped are delighted with the appointment of Lisa Zhang to the role of Executive Director, and look forward to the value, expertise and skillset Lisa brings to the board. The Company has entered into consultancy agreement with Lisa Zhang under which she has agreed to provide certain consultancy services to the Company and Lisa Zhang has agreed to be appointed as an executive director of the Company

    The initial term of the Consultancy Agreement is a period of 2 years which commences effective today. Either party may extend the term for a further 2 years on notice at least 30 days prior to the end of the initial term.

    A fee of USD$180,000 per annum is payable on account of the provision of the Services including Board fees.

    The Company and Lisa may terminate the consultancy agreement by giving 3 months written notice. The Company may pay the consultant 3 months fee in lieu of such notice being served. "

    so she was a consultant and then agreed to be appointed as an executive director .
    Now she resigned as a director but looks like that the consultancy agreement is still there .
    If that is the case then she is still working with XPED to get any contracts or execute any deals.

    Please can someone explain this...
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