Silkwave Inc announced that Independent Non-Executive Director (INED) Mr. Chow Kin Wing resigned from the Board, effective 26 August 2026, citing other business commitments. His departure also ends his roles as chairman of the Audit Committee and member of both the Nomination and Remuneration Committees. The company confirmed that Mr. Chow has no disagreements with the Board and no matters requiring shareholder attention.
Simultaneously, Mr. Cheng Chi Kin, aged 58, has been appointed as an INED, chairman of the Audit Committee, and member of the Nomination and Remuneration Committees, also effective 26 August 2026. Mr. Cheng holds a Degree in Business Studies from the University of Glamorgan and an MBA from Cardiff Business School. He is a fellow of the Hong Kong Institute of Certified Public Accountants and the Association of International Accountants, and a member of the Institute of Management Accountants.
Mr. Cheng brings more than 30 years of experience across mergers and acquisitions, finance, banking, asset management, and fund operations. Current external appointments include non-executive director of Baijin Life Science Holdings Limited and INED of Asiasec Properties Limited. His three-year service agreement with Silkwave Inc provides an annual remuneration of HK$0.14 million, subject to yearly review by the Remuneration Committee, and may be terminated with one month’s written notice by either party. The Board has confirmed Mr. Cheng’s independence under Rule 3.13 of the Hong Kong Listing Rules.
In conjunction with these changes, Ms. Tian Tian has joined the Nomination Committee. Following the adjustments, Silkwave Inc’s Board comprises four executive directors—Mr. Chau Ngai Fung, Ms. Hu Manqiu, Mr. Yang Tenghao and Ms. Tian Tian—and three independent non-executive directors—Mr. Cheng Chi Kin, Mr. Lam Po Chuen and Mr. Tam Hon Wah.
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