UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) July 17, 2012 | ||
ADVANCED VENTURES CORP. | ||
Delaware | 333-169861 | 42-1772663 |
No. 6 Houjiayu, Wangzuoxiang | 100000 |
Registrant's telephone number, including area code +852-53872543 | |
N/A | |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CRF 240.13e-4(c))
SECTION 5 - Corporate Governance and Management
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Effective July 17, 2012, the Board of Directors of Advanced Ventures Corp. (the "Company") approved an increase in the size of the Board of Directors to five members. Also effective on July 17, 2012 the Board of Directors of the Company accepted the resignation of Xu Fei as President, CEO, Secretary, Treasurer and a director of the Company. On the same date, the Board of Directors accepted the consent to act of Christino Rio and appointed Mr. Rio as Chief Executive Officer and a director of the Company. In addition, the Board of Directors accepted the consents to act of Jareth Goh and Vincent Kim and appointed Mr. Goh and Mr. Kim as directors of the Company.
Biography of Christino Rio
Mr. Christino Rio (age 57) has 30 years of experience in credit management and control processes. From 2000 to present, Mr. Rio has been the Regional Commercial Services Controller for Goltens Singapore Pte. Ltd. where he was responsible for credit control and sales support for the South East Asia region. From 1992 to 2000, Mr. Rio was the Asia Pacific Credit Controller for General Electric-Keppel Energy Services Pte. Ltd. where he was responsible for credit control for the Asia Pacific. Mr. Rio received a degree in Economics and Business (Honors) from the Luiss University in Rome and a MBA in Finance from the London Business School in 1996.
Biography of Jareth Goh
Biography of Vincent Kim
Mr. Vincent Kim (age 38) has experience in sales and marketing as well as legal and human resources. From March 2009 to April 2012, Mr. Kim was the Regional Sales Director for Boehringer Ingelheim Singapore Pte. Ltd. whereby he managed and led a team of 100 sales managers and representatives for Singapore and Malaysia and achieved 120% over sales target for 2009 and 2011. From March 2007 to February 2009, Mr. Kim was the Head of Legal and Human Resources whereby he managed and lead a team of 30 human resource personnel and spearheaded and developed payroll workflows for complicated real estate commission payout process. From January 1996 to December 2006, Mr. Kim was a licensed aircraft engineer for the Republic of Singapore Air Force. Mr. Kim received his diploma in Mechanical Engineering from Singapore Polytechnic in 1995.
As a result of the changes set forth above, the Company's current directors and Executive Officers are as follows:
Name | Position |
Christino Rio | Chief Executive Officer and a Director |
Benson Lim | Chief Financial Officer and a director |
Brandon Low | Chief Operating Officer and a director |
Jareth Goh | Director |
Vincent Kim | Director |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Date: July 23, 2012
ADVANCED VENTURES CORP. | ||
By: |
| /s/ Benson Lim |
Name: |
| Benson Lim |
Title: |
| Chief Financial Officer and Director |