Nocera appoints new CFO and enters consulting agreement for AI strategy

Nocera, Inc., a company traded on the NASDAQ under the ticker symbol NCRA, announced on August 17, 2026, that it had entered into two new agreements. The first agreement saw the appointment of Shun-Chih Chuang as the Chief Financial Officer. This decision was formalized in an employment agreement that commenced on the same day. Chuang's remuneration for this role included an annual salary of $84,000, payable in equal monthly installments.

In addition to this base salary, Chuang was granted 100,000 shares of Nocera common stock, with the first tranche issued immediately upon the signing of the agreement. The remaining 100,000 shares were to be issued at the beginning of the second year. These shares were unregistered and came with standard transfer restrictions. The employment agreement included several clauses, such as confidentiality, non-solicitation, non-disparagement, work-product protection, and an invention assignment provision.

Notably, either party had the right to terminate the agreement without providing a valid reason, provided they gave 30 days' written notice. Moreover, the company could also terminate the agreement immediately under specific circumstances, including felony, material malfeasance, or an extended absence of Chuang.

The second agreement, entered into by Nocera with Chien-Hua Tseng, was a two-year consulting contract effective until August 16, 2028. Tseng's role would involve providing strategic advisory services concerning Nocera's AI module technology strategy, product roadmap, market positioning, and other corporate decisions. Tseng's compensation under this agreement was 50,000 shares of Nocera common stock, granted upon signing the contract.

An additional 50,000 shares would be issued on August 17, 2027, contingent upon Tseng's continued service. Importantly, these shares were fully vested upon issuance and were not subject to any payment of an exercise price. Like the employment agreement, this consulting contract also contained provisions for early termination. Nocera could end the agreement with a five working days' written notice, while Tseng could terminate it by providing 30 days' written notice.

The complete details of these agreements were compiled from a press release and a Form 8-K filing with the Securities and Exchange Commission.