SHRG Sharing Services Global Corporation (PK)

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On September 29, 2020, the Company’s Board of Directors (the “Board”) appointed Sassuan Lee to serve on the Board as a Class I Director to serve until the annual meeting of Shareholders in 2022, or until his successor is elected and qualified. The Board also appointed Frank D. Heuszel to serve on the Board as a Class II Director until the annual meeting of Shareholders in 2023, or until his successor is elected and qualified. These appointments serve to expand the Board from three to five Directors.

Frank D. Heuszel currently serves as the Chief Executive Officer, Interim Chief Financial Officer, and as a Director on the Board of Document Security Systems, Inc., a major shareholder of the Company. Mr. Heuszel has extensive expertise in a wide array of strategic, business, turnaround, and regulatory matters across several industries as a result of his executive management, educational, and operational experience. Mr. Heuszel holds a Law degree and is a Certified Public Accountant and a Certified Internal Auditor. Mr. Heuszel is a member of the Texas State Bar, the Association of Corporate Counsel, and the Texas Society of Certified Public Accountants.

Mr. Sassuan Lee (also known as Samson Lee) co-founded STO Global X, a technology and service provider for security token exchange solutions. Mr. Lee is the Founder and CEO of Coinstreet Partners, an award-winning decentralized investment banking group and consultancy firm in the finance, media and technology field, providing a business eco-system for the new era of digital economy. He is also a board advisor, independent/non-executive director, public speaker, lecturer, corporate trainer and private investor. Mr. Lee serves on the Board of Directors of Document Security Systems, Inc., a major shareholder of the Company, and on its Audit Committee.