Announcement • Feb 21
Summit Networks Inc. Announces Board and Audit Committee Changes
Summit Networks Inc. announced that on February 13, 2026, Jianhua James Shu resigned from the Board and on the same date Hong (Nancy) Yu also resigned from the Board and from the Audit Committee. Effective February 16, 2026, the Board of Directors appointed Ross Miller, Lei Yang, and Elena Kuzmin as independent directors of the Company. Ross Miller has over 35 years of experience in investment banking, commercial banking, mergers and acquisitions, and executive leadership. He began his career on Wall Street in 1985 and held roles at Lehman Brothers and C.J. Lawrence/Deutsche Bank, where he gained experience in equity markets, portfolio strategy, and mergers and acquisitions advisory services. Mr. Miller later served in senior banking positions through the merger of NationsBank into Bank of America, where he developed expertise in large-scale financial operations, regulatory environments, and post-merger integration. He currently advises small and mid-market companies on mergers and acquisitions transactions and previously founded and successfully exited a multi-location executive services and short term work space business. Mr. Miller has extensive experience in audit committee oversight, financial reporting controls, capital markets strategy, and risk management. The Board has determined that Mr. Miller qualifies as an Audit Committee Financial Expert under applicable SEC rules. Lei Yang has over 40 years of experience in corporate financial management and accounting. She has held senior financial leadership roles within major multinational and state-owned enterprise groups, including serving as Deputy Chief Accountant of China National Electric Engineering Co. Ltd., Director of Finance of China National Machinery Industry Corporation, and Chief Accountant of China Kingho Energy Group Ltd. Ms. Yang has extensive experience in corporate financial systems development, cost control, internal auditing, risk management, and group-level financial coordination. She has also served as Chairman of the Supervisory Board of publicly listed companies in China. Ms. Yang holds a Bachelor's Degree in Accounting from Renmin University of China. Elena Kuzmin has professional experience in compliance oversight, reporting processes, operational supervision, and documentation control. She is a licensed insurance professional and has held roles involving regulatory adherence, internal reporting review, and performance monitoring in regulated service environments. From March 2013 until January 2016, she was a program coordinator for Willow Wood in Fort Lauderdale, Florida, where she conducted detailed assessments and implemented individualized activity plans to enhance quality of life and improve cognitive stimulation for patients. From February 2016 to September 2018, she served as a real estate agent at Elite Ocean View Realty in Coral Gables, Florida. From October 2018 to the present, Ms. Kuzmin worked as a licensed health insurance agent with Integrity Marketing Group in Sunrise, Florida. Ms. Kuzmin received a Bachelor of Science degree in 2012 from Florida International University. The Audit Committee now includes Ross Miller as Chair, with Lei Yang and Elena Kuzmin as members. The Board has determined that Ross Miller, Lei Yang, and Elena Kuzmin qualify as independent directors under applicable SEC rules.
