Management ChangeJun 15, 2026, 04:08 PM
Magic Empire Global Chairman, CEO Resign; New Interim CEO Appointed
AI Summary
Magic Empire Global Ltd announced significant leadership changes, with Chairman Mr. Wai Ho Chan and Chief Executive Officer Mr. Sze Hon Johnson Chen resigning, along with Independent Director Ms. Ka Lee Lam, all effective June 11, 2026, for personal reasons. The Board immediately appointed Ms. Shufen Huang as Chairperson, Interim CEO, and Director, Ms. Jingxin Feng as Director, and Mr. Ke Yang as Independent Director. The company also clarified its non-involvement in a recent share purchase agreement, stating no material adverse impact is anticipated on its business operations or financial position.
Key Highlights
- Chairman Wai Ho Chan and CEO Sze Hon Johnson Chen resigned effective June 11, 2026.
- Independent Director Ms. Ka Lee Lam also resigned for personal reasons.
- Ms. Shufen Huang appointed Chairperson, Interim CEO, and Director.
- Ms. Jingxin Feng appointed Director, and Mr. Ke Yang as Independent Director.
- The Board is actively searching for a permanent Chief Executive Officer.
- Company was not a party to a share purchase agreement and received no proceeds.
- No material adverse impact expected from the share transfer; business continues normally.
- Committee compositions for Audit, Compensation, and Nominating were updated.
Price Impact