|SEVEN STARS CLOUD GROUP, INC. filed this Form 8-K on 11/14/2017|
On November 9, 2017, the Board of Directors (the “Board”) of Seven Stars Cloud Group, Inc. (the “Company”) appointed Xin Wang to serve as an independent director of the Board, filling a vacancy on the Board. The appointment of Mr. Wang was made as a result of a Securities Purchase Agreement dated October 23, 2017, pursuant to which Hong Kong Guo Yuan Group Capital Holdings Limited, the purchaser of the securities, became entitled to designate one individual to join the Board. Mr. Wang is the designee.
There are no family relationships between Mr. Wang and any of the Company’s officers and directors and there are no other transactions to which the Company or any of its subsidiaries is a party in which Mr. Wang has a material interest subject to disclosure under Item 404(a) of Regulation S-K.