Elite Express Holding's CFO Robert Cook To Resign; Yidan Chen Named Interim CFO

On December 10, 2025, Robert Cook, Chief Financial Officer ("CFO") of Elite Express Holding Inc. (the "Company"), submitted a letter of resignation indicating his intention to resign as the Company's CFO, effective December 15, 2025, which has been accepted by the board of directors of the Company (the "Board"). Mr. Cook has advised the Company that his resignation was due to personal reasons and not a result of any disagreement with the Company on any matter related to the operations, policies, or practices of the Company.

 

The Board intends to conduct a search for potential internal and external candidates to fill in the vacancy created by the resignation of Mr. Cook. In the meantime, the Chief Executive Officer, President, and Director of the Company, Yidan Chen, will serve as the interim CFO and assume the duties of principal financial officer and principal accounting officer of the Company.

 

In connection with Mr. Cook's resignation, on December 15, 2025, with approval of the Board, the Company entered into a Letter Agreement and General Release with Mr. Cook, which sets forth the terms of his separation from service with the Company (the "Resignation Agreement"). Pursuant to the terms of the Resignation Agreement, Mr. Cook will resign as an officer and employee of the Company effective on December 15, 2025. Mr. Cook also agrees to abide by certain confidentiality, non-disparagement, and other obligations set forth in the Resignation Agreement, and to release any and all claims against the Company and its affiliates and related parties that in any way relate to his employment and association with the Company. Mr. Cook will be entitled to the following in exchange for his covenants and releases under the terms of the Resignation Agreement: base compensation in the amount of $3,461.54 and a one-time separation payment of $5,000.

 

The foregoing description of the Resignation Agreement is qualified in its entirety by reference to the Resignation Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K.