VIVIC CORP
For the period ended Jun 30, 2024. Filed Oct 23, 2024.
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FY2024 · Filed Oct 23, 2024
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Item 11. EXECUTIVE COMPENSATION
We did not pay any compensation to the individuals serving as our officers and directors during the fiscal year ended June 30, 2024.
In consideration of his or her agreement to serve as a director of the Company, Ms. Hwang, Mr. Wang and Kevin Li were each issued 150,000 shares of the Company’s common stock and each of Ms. Huang and Mr. Pao received 50,000 shares of the Company’s common stock. Concurrent with its agreement to issue shares of its common stock to each of the newly appointed directors, the Company agreed to issue 150,000 shares of its common stock to Mr. Kung for his agreement to continue to serve as a director of our Company.
Except for the shares issued to our officers and directors as discussed in the prior paragraph, there is no agreement as to additional compensation to be paid to our directors or officers for their service in such capacities.
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