LQR House Inc. (YHC): CEO Lihong "Leo" Chen appointed

Events in this filing

Item 5.02 as filed

Item 5.02. Departure of Directors or Certain
Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Resignation of Chief Executive Officer
Effective October 16, 2026,
Mr. Sean Dollinger resigned as Chief Executive Officer of the Company and from all other positions held by him as an officer, director,
employee, manager, authorized signatory or representative of the Company and its subsidiaries and affiliates.
In connection with his resignation,
the Company and Mr. Dollinger entered into the Resignation Agreement described in Item 1.01 of this Current Report on Form 8-K, which
description is incorporated herein by reference.
Resignation of Chief Financial Officer
On October 16, 2026, Mr. Kumar
Abhishek resigned from the position of Chief Financial Officer of the Company and from all other positions held by him as an officer,
director, employee, manager, authorized signatory or representative of the Company and its subsidiaries and affiliates, effective immediately.
Mr. Kumar’s resignation was not the result of any disagreement with the Company on any matter relating to the Company’s operations,
policies, or practices.
Appointment of Chief Executive Officer
On October 16, 2026, the Board
of Directors (the “ Board ”) of the Company appointed Mr. Lihong “Leo” Chen as Chief Executive Officer
of the Company, effective immediately.
Mr. Chen is an
experienced finance and business executive with over 10 years of experience in corporate management, financial operations, capital
markets, and strategic planning. From May 2022 to August 2026, Mr. Chen served as Chairman of Shenzhen Jincheng Confidentiality Technology
Co., Ltd., where he oversaw the company's strategic development, financial management, capital investments, and business
operations. From May 2016 to May 2022, Mr. Chen served as General Manager of the Financing Department at Beijing Energy
International Holdings Co., Ltd., where he led the company's financing operations, treasury management, budgeting, and financial
controls. During his tenure, he managed financing activities for 21 power station projects totaling over $1 billion
and oversaw various debt financing transactions, including the issuance of medium-term notes, private placement bonds, and corporate
bonds. Mr. Chen holds a Bachelor of Management degree in Financial Management from Guangdong University of Finance and Economics and
a Master of Economics degree from the University of Sydney.
Mr. Chen brings to the Company
extensive experience in financial management, corporate strategy, capital markets, and business development, including expertise in structuring
financing transactions, managing financial operations, and overseeing corporate investments.
The selection of Mr. Chen
to serve as Chief Executive Officer of the Company was not pursuant to any arrangement or understanding with any other person. There are
no family relationships between Mr. Chen and any director or executive officer of the Company, and there are no transactions between Mr.
Chen and the Company that would be required to be reported under Item 404(a) of Regulation S-K.
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As of the date of this filing,
no employment agreement or compensatory arrangement has been entered into between the Company and Mr. Chen. The Company expects to enter
into an employment agreement with Mr. Chen, the material terms of which will be disclosed when finalized.
Appointment of Chief Financial Officer
On October 16, 2026, the Board
appointed Mr. Kit Yan “Mark” Lau as Chief Financial Officer of the Company, effective immediately.
Mr. Lau is an
experienced finance and accounting executive with a background in financial management, corporate governance, accounting and
regulatory compliance. Mr. Lau is a licensed accountant and has served in various financial leadership positions, including as Chief
Financial Officer and Finance Manager of several companies, some of which are listed on the Hong Kong Stock Exchange. Mr. Lau is a
member of the Chartered Institute for Securities & Investment and the Institute of Public Accountants (Australia). He is also a
Certified ESG Planner and an Associate Member of The Hong Kong Chartered Governance Institute. Mr. Lau holds degrees in accounting
from Hong Kong Baptist University and the University of South Australia.
Mr. Lau brings to the Company
experience in financial reporting, accounting, corporate governance and financial management, including experience serving in financial
leadership roles at publicly listed companies.
The selection of Mr. Lau to
serve as Chief Financial Officer of the Company was not pursuant to any arrangement or understanding with any other person. There are
no family relationships between Mr. Lau and any director or executive officer of the Company, and there are no transactions between Mr.
Lau and the Company that would be required to be reported under Item 404(a) of Regulation S-K.
As of the date of this filing,
no employment agreement or compensatory arrangement has been entered into between the Company and Mr. Lau. The Company expects to enter
into an employment agreement with Mr. Lau, the material terms of which will be disclosed when finalized.