Management ChangeOct 5, 2026, 04:21 PM
QMMM Holdings Ltd. Announces Director and CEO Resignations
AI Summary
QMMM Holdings Ltd. announced the resignations of two key directors. Mr. Kwok Wai Lui stepped down as an independent director and committee chair effective September 30, 2026, citing personal reasons. Subsequently, Mr. Bun Kwai resigned as executive director, chairman, and CEO effective October 1, 2026, also for personal reasons. The company has begun searching for replacements to fill the vacancies on the Board.
Key Highlights
- Mr. Kwok Wai Lui resigned as independent director, chairman of the compensation committee, and member of the audit and corporate governance committees, effective September 30, 2026.
- Mr. Bun Kwai resigned as executive director, chairman of the board, and chief executive director, effective October 1, 2026.
- Resignations are for personal reasons and not due to any dispute with the Company or the Board.
- The Board has initiated a search for replacement directors.
Price Impact
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