[8-K] Enlightify Inc. Reports Material Event

Rhea-AI Filing Summary

Enlightify (NYSE: ENFY) has appointed Mr. Jian Huang as Co-Chief Executive Officer, effective June 23, 2025. Huang, who currently serves as Executive Vice President and Board member, will specifically lead the company's strategic expansion into blockchain and cryptocurrency sectors.

Key details about the appointment:

• Huang will maintain his existing employment agreement with no changes to compensation or severance arrangements
• He brings significant blockchain expertise as founder of ChainVC and investor in various blockchain companies including BitFund
• Holds an EMBA from Peking University's Guanghua School of Management

The appointment was recommended by the Nominating Committee and approved by the Board of Directors. Huang will serve alongside current CEO Zhuoyu Li, who remains Chairman of the Board and President.

Positive

• Appointment of experienced blockchain investor Jian Huang as Co-CEO to lead cryptocurrency expansion, signaling strategic push into high-growth digital assets sector
• Retention of existing leadership structure with current CEO remaining, suggesting stable transition and expanded executive capabilities

Negative

• Potential increased exposure to volatile cryptocurrency and blockchain markets, which could introduce new regulatory and market risks
• Dual CEO structure might create operational complexity and potential strategic conflicts

Insights

Corporate Governance Analyst

Adding a Co-CEO reshapes control but preserves existing pay, signalling stability with incremental change.

The filing discloses that director and EVP Jian Huang becomes Co-Chief Executive Officer effective June 23 2025. Because Item 5.02 events concern the most senior post, the change is material for governance. The Board keeps Mr. Huang under his current contract and grants no fresh compensation or severance terms. That choice limits dilution and cost for shareholders, and indicates the Board views the move as role expansion rather than renegotiation.

The company now operates a dual-CEO structure—Chairman Zhuoyu Li remains CEO while Mr. Huang shares the title. Dual leadership can speed decisions in specialised areas but sometimes blurs accountability. Mr. Huang already sits on the Board, so the appointment does not alter Board independence mix. Required disclosure items—biography, material contracts, pay—are fully addressed, so compliance risk appears low.

Overall governance impact looks balanced: leadership depth improves, yet complexity rises. With no financial cost or term changes, the near-term shareholder effect is neutral.

Strategic Expansion Analyst

Board signals intent to enter blockchain by elevating in-house domain expert, but economics remain unquantified.

According to the filing, Mr. Huang will ‘lead the Company’s expansion into the blockchain and cryptocurrency sectors.’ This single sentence creates a clear strategic inflection point. Management assigns top-level authority to a domain veteran who founded ChainVC and financed several digital-asset ventures. His background supplies sector expertise the firm previously lacked.

No capital allocation, timeline, or revenue targets accompany the announcement. Therefore investors receive strategy direction without measurable impact data. The lack of updated employment terms suggests the initiative proceeds within current cost envelopes, but future project spending is undisclosed. Blockchain expansion could diversify revenue sources; it also exposes the company to regulatory complexity and market volatility inherent in digital assets. The filing does not reference risk-mitigation steps or compliance frameworks.

Absent financial projections, the appointment alone neither improves nor worsens near-term fundamentals. It merely sets strategic optionality. Without additional details, the market-relevant effect is best classified as neutral.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 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): June 23, 2025

Enlightify Inc.

(Exact name of Registrant as specified in charter)

Nevada		001-34260		36-3526027
(State or other jurisdiction		(Commission File No.)		(IRS Employer
of Incorporation)				Identification No.)

3rd Floor, Borough A, Block A.

No.181 South Taibai Road

Xi’an, Shaanxi Province

People’s Republic of China 710065

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: +86-29-88266368

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 (17CFR230.425)

☐ Soliciting material pursuant to Rule14a-12 under the Exchange Act (17CFR240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17CFR240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17CFR240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock		ENFY		NYSE

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On June 23, 2025, the Board of Directors (the “Board”) of Enlightify Inc. (the “Company”), upon the recommendation of its Nominating Committee, appointed Mr. Jian Huang, a current member of the Board and the Company’s Executive Vice President, as Co-Chief Executive Officer of the Company, effective immediately. In his new role, Mr. Huang will lead the Company’s expansion into the blockchain and cryptocurrency sectors.

Mr. Huang will continue to serve under the terms of his existing employment agreement, which will remain unchanged in connection with this new appointment. No new compensatory or severance arrangements have been entered into at this time.

Biographical information:

Mr. Huang is an experienced investor in blockchains and crypto currencies. He was the founder of ChainVC, a digital asset fund focusing on the blockchain industry, and invested in a series of blockchain companies and digital asset funds including BitFund. Mr. Huang received an EMBA degree from Guanghua School of Management of Peking University. 

1

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: June 23, 2025	ENLIGHTIFY INC.
	(Registrant)
	By:	/s/ Zhuoyu Li
		Zhuoyu Li
		Chairman of the Board of Directors, Chief Executive Officer, and President

2

FAQ

Who was appointed as Co-CEO of ENFY on June 23, 2025?

Mr. Jian Huang, who was previously serving as Executive Vice President and Board member of Enlightify Inc. (ENFY), was appointed as Co-Chief Executive Officer of the company, effective June 23, 2025.

What is ENFY's new Co-CEO Jian Huang's background in blockchain?

Jian Huang has significant blockchain experience as the founder of ChainVC, a digital asset fund focused on the blockchain industry. He has invested in various blockchain companies and digital asset funds, including BitFund, and holds an EMBA from Guanghua School of Management of Peking University.

What will be Jian Huang's primary focus as ENFY's new Co-CEO?

In his new role as Co-CEO, Mr. Huang will lead Enlightify Inc.'s expansion into the blockchain and cryptocurrency sectors.

Will ENFY's new Co-CEO receive additional compensation for the role?

No new compensatory or severance arrangements have been made. Mr. Huang will continue to serve under the terms of his existing employment agreement, which remains unchanged with this new appointment.

Where is ENFY stock traded?

Enlightify Inc. (ENFY) common stock is traded on the NYSE (New York Stock Exchange).