Hao Bai International (Cayman) Limited announced multiple board changes effective 24 April 2026, restoring full compliance with Hong Kong’s GEM Listing Rules.
The company appointed Ms. Wang Zhixian, 43, as Executive Director. With extensive experience across financial, insurance and online operations, Ms. Wang will receive a monthly salary of HK$10,000 plus discretionary bonus under a service agreement that can be terminated with one-month written notice. She is subject to retirement and re-election in line with the company’s Articles of Association.
Independent Non-Executive Director (INED) Mr. Yiu Chi Wai resigned on the same date to focus on personal endeavours. The board recorded no disagreement with Mr. Yiu and expressed gratitude for his service.
To fill the INED vacancy, Mr. Tung Yee Shing, 52, was appointed INED and chairman of the Audit, Remuneration and Nomination Committees for an initial three-year term. Mr. Tung brings proven expertise in finance, M&A and strategic planning, currently serving as executive director and chairman of Zhidao International (Holdings) Limited and as CFO and company secretary of Taung Gold International Limited. He holds a Bachelor of Social Science in Economics, an MBA from The Chinese University of Hong Kong, and memberships in both the Hong Kong Institute of Certified Public Accountants and the Association of Chartered Certified Accountants. Mr. Tung’s director fee is set at HK$10,000 per month.
Following these appointments, committee structures are as follows: • Audit Committee: Mr. Tung Yee Shing (Chair), Mr. Cheung Hiu Fung, Mr. Wong Ming Fair Victor • Remuneration Committee: Mr. Tung Yee Shing (Chair), Mr. Cheung Hiu Fung, Mr. Wong Ming Fair Victor • Nomination Committee: Mr. Tung Yee Shing (Chair), Ms. Wong Wing Hung, Mr. Cheung Hiu Fung, Mr. Wong Ming Fair Victor
The updated board composition enables Hao Bai International to re-comply with GEM Listing Rules 5.05, 5.05A, 5.28, 5.34 and 5.36A, covering independent director representation, professional expertise requirements and committee constitution. As of 24 April 2026, the board comprises four executive directors and three independent non-executive directors.
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