WASHINGTON, Sept. 28 -- China Unitech Group Inc., Guangdong Province, China, files Form 8-K (current report) with Securities and Exchange Commission on Sept. 27.
State or other jurisdiction of incorporation or organization: Nevada
Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
On September 27, 2010, the board of directors appointed Mr. Dishan Guo, the company's Chief Financial Officer effective from that date.
Mr. Guo, 46, has been serving as our sole director, Chairman and Chief Executive Officer since July 2, 2010, the day that we consummated our reverse acquisition with Classic Bond Development Limited ("Classic Bond"), a British Virgin Islands company. Through Classic Bond's control over Shenzhen Junlong Culture Communications Co., Ltd. ("Junlong"), a PRC company, we became involved in the internet cafe business in the PRC.
Mr. Guo has served as the Managing Director and CEO of Junlong for over 7 years since 2003. He was responsible for the strategic planning of the Junlong's business and growth and oversees its operations. He has extensive experience and contacts in the industry. He is the executive president of Shenzhen Longgang District Internet Industry Association, which is the associate department of the Ministry of Culture and sets the internet cafe industry standards, and a director of Guangdong High-Tech Industry Association. Mr. Guo graduated from Administrative Management Institute in Guangdong province in 1996, holding a college degree in business management.
There will be no change in the terms of Mr. Guo's employment set forth in a standard employment agreement between Mr. Guo and us dated September 20. Our employment agreements with our executives provide the amount of each executive officer's salary and establish their eligibility to receive a bonus. Mr. Guo's employment agreement provides for an annual salary of RMB 300,000 (approximately $44,118).
Mr. Guo is our sole officer and director. Our officers serve at the pleasure of the board. Except for the aforesaid employment agreement, Mr. Guo has not had any transaction with us since the beginning of our last fiscal year.
More information can be viewed at: http://www.sec.gov/Archives/edgar/data/1373846/000114420410050997/v197564_8k.htm For any query with respect to this article or any other content requirement, please contact Editor at htsyndication@hindustantimes.com

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