Xenous Holdings, Inc. 8-K

What Happened
Xenous Holdings, Inc. (XITO) filed an 8-K (filed May 12, 2026) reporting that Jonathan Chan resigned as Chief Executive Officer and Director effective May 8, 2026. The company’s Board appointed Dingwen Zhang to fill the vacancy and serve as Executive Officer and Director effective immediately. The filing states Mr. Chan’s resignation was not due to any disagreement with the company’s operations, policies, or practices.

Key Details

• Resignation date: Jonathan Chan resigned effective May 8, 2026.
• Appointment: Dingwen Zhang appointed Executive Officer and Director effective May 8, 2026.
• Background on Dingwen Zhang: founder & CEO of Soon Fund (since June 2023); managing director of QMetaverse (since Jan 2023); founder of Beishang Capital (since Oct 2020); Bachelor of Finance, Tsinghua University (2018).
• Compensation/agreements: Filing states there are no employment agreements, compensation, pension or similar arrangements between the Company and Mr. Zhang; the filing also states no related-party transactions involving Mr. Zhang. The appointment description is qualified by reference to an agreement attached as Exhibit 10.1 to the 8-K.

Why It Matters
A CEO and director change is a material corporate governance event that can affect strategy and execution. Xenous made an immediate leadership replacement, which reduces interim uncertainty. For investors, relevant facts from the filing are the effective date (May 8, 2026), the new CEO’s public business roles and education, and the company’s disclosure that no employment or compensation arrangements were disclosed in the filing.