Summary by Futu AI
FiEE Inc. (formerly Minim) announced significant leadership changes on February 26, 2025, with David Lazar resigning as CEO and CFO, effective immediately. The board appointed Li Wai Chung as CEO and Cao Yu as CFO. The company also changed its name from Minim to FiEE, effective February 27, 2025.Li Wai Chung, 47, brings extensive experience as a director at Shenzhen Youxin Consulting Management and holds independent directorships at Hong Kong-listed companies. His background includes roles as CFO at Tyfon Culture Holdings and partner at Shanghai Yongxuan Venture Capital. Cao Yu, 34, joins as CFO with treasury management experience, currently serving as treasury director at Taifeng Cultural Communication.Both appointments are connected to an Amended and Restated Securities Purchase agreement dated February 18, 2025, involving the Company, Cao Yu, Hu Bin, and Li's wholly-controlled entity, Youxin Consulting Limited.
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