XcelMobility, Inc. provides online sports lottery services in China. The company aggregates and processes lottery purchase orders from registered user accounts through provincial sports lottery administration centers for the purchase orders of welfare and sports lottery products. It also provides individual lottery, lottery pool, automatic tag-along, and recurring purchase services; and lotto, sports match lottery, and instant lottery products. XcelMobility, Inc. is based in Palo Alto, California.
2225 East Bayshore Road
Palo Alto, CA 94303
XcelMobility Inc. Announces Executive Changes
Sep 2 16
The board of directors XcelMobility Inc. announced that Mr. Renyan Ge, Chief Executive Officer agreement expired by its terms on August 31, 2016. As such, Mr. Ge’s term as the Company’s CEO ended as of that date. Ms. Xili Wang as Chief Financial Officer agreement expired by its terms on August 31, 2016. As such, Ms. Wang’s term as the Company’s CFO ended as of that date. In addition, Ms. Wang resigned her position as corporate secretary effective August 31, 2016. Effective September 1, 2016, the Board appointed Mr. Zhixiong Wei, an existing member of the Board, as the Company’s CEO, Ms. Li Ouyang as the Company’s CFO, and Ms. Yang as the Company’s corporate secretary, in each case to hold office until the next annual meeting of stockholders and until a successor is elected and qualified, or until either of their earlier resignation, removal or death. Effective on September 1, 2016, Mr. Ge resigned his position as Chairman of the Board. However, Mr. Ge will continue as a member of the Board. Effective September 1, 2016, Mr. Ge will receive annual compensation of $50,000 for his service as a member of the Board. Effective on September 1, 2016, the Board elected Mr. Wei as Chairman of the Board. Mr. Wei, age 53, is an experienced entrepreneur and executive in China’s internet and mobile lottery industry. He is the Chief Executive Officer of CC Power, a position he has held since February 2015. Prior to that, Mr. Wei served as the Chief Executive Officer of Shenzhen Silvercreek Digital Technology Co., a leading mobile lottery business in China which he founded in 2001. Ms. Ouyang, age 44, has been the Director of Finance for the Company and for CC Power since February 2015. Prior to joining CC Power, Ms. Ouyang was the Finance Manager of Shenzhen Lighting Ltd. from December 2011 to January 2015.
XcelMobility Inc. announced delayed 10-Q filing
May 17 16
On 05/17/2016, XcelMobility Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
XcelMobility Inc. Announces Auditor Changes
May 6 16
XcelMobility Inc. was notified that, effective April 30, 2016, AWC (CPA) Limited has merged with Dominic K.F. Chan & Co (DKFC) and formed DCAW (CPA) Limited, which is registered with the Public Company Accounting Oversight Board (PCAOB). As a result of the Merger, AWC resigned as the company's independent registered public accounting firm on April 30, 2016. On May 4, 2016, the company engaged DCAW (CPA) Limited as its independent registered public accounting firm. The engagement of DCAW was approved by the company's board of directors on May 4, 2016.