Management ChangeJun 16, 2026, 05:06 PM
Wellchange Holdings Removes 2 Independent Directors, Appoints 2 New
AI Summary
Wellchange Holdings Company Limited announced the removal of two independent directors, Mr. Wang Yiyun and Mr. Liu Jun, effective June 9, 2026. Following their removal, the company appointed Mr. Lau Yun Chau and Mr. Lau Chun as new independent directors, effective June 10, 2026. The board and its committees have been reconstituted, with new chairs appointed for the Audit, Compensation, and Nominating and Corporate Governance Committees, ensuring the board maintains a majority of independent directors.
Key Highlights
- Wellchange Holdings removed Mr. Wang Yiyun and Mr. Liu Jun as directors, effective June 9, 2026.
- Mr. Wang Yiyun previously chaired the Compensation Committee and served on Audit and Nominating committees.
- Mr. Liu Jun previously served on the Audit, Compensation, and Nominating committees.
- Mr. Lau Yun Chau and Mr. Lau Chun were appointed as independent directors, effective June 10, 2026.
- The Board now consists of six directors, maintaining a majority of independent directors.
- Ms. Chung Hiu Tung chairs the Audit Committee; Mr. Lau Chun chairs the Compensation Committee.
- Mr. Lau Yun Chau chairs the Nominating and Corporate Governance Committee.
Price Impact
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