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.

The Company’s Board of Directors appointed Anthony S. Chan, 57, a certified public accountant registered with the State of New York, to serve as the Company’s Chief Financial Officer, effective November 15, 2021. Prior to his appointment, Mr. Chan has served, since 2014, as President and Co-founder of CA Global Consulting, Inc. and, since 2020, as Director of Assurance and Advisory Services of Wei, Wei & Co., LLP, a PCAOB-registered public accounting firm with offices in Queens, New York, Los Angeles, California, and Beijing, China. Prior to that, Mr. Chan served as Chief Financial Officer of several public companies, including Sino-Global Shipping America, Ltd (NASDAQ:SINO), Helo Corp. (OTC:HLOC) and SPI Energy Company, Ltd. (NASDAQ:SPI).

In connection with Mr. Chan’s appointment, on November 15, 2021, the Company and Mr. Chan entered into a three-year employment agreement (the “Employment Agreement”) pursuant to which Mr. Chan will receive an annual base salary of $270,000. Mr. Chan will also be eligible to participate in any bonus plan as may be approved from time to time by the Board of Directors and will be entitled to participate in all benefit programs provided by the Company to its employees.

The Board of Directors can terminate the Employment Agreement at any time with or without Cause (as such term is defined in the Employment Agreement) and Mr. Chan can resign with or without Good Reason (as such term is defined in the Employment Agreement). If employment were to be terminated with or without Cause or if Mr. Chan resigns with or without Good Reason, he would receive an aggregate amount equal to six months of his annual base salary plus all earned and unpaid paid time off, if any, calculated as of the date of termination.

With respect to the disclosure required by Item 401(d) of Regulation S-K, there are no family relationships between any director or executive officer of the Company. With respect to the disclosure required by Item 404(a) of Regulation S-K, there are no relationships or transactions between any director or executive officer of the Company that would be required to be reported.