Plover Bay Technologies Announces Resignation of Independent Non-Executive Directors

Stock News09-30

Plover Bay Technologies (01523) has issued an announcement regarding changes to its board composition, effective from October 1, 2026.

Dr. Yu Kin Tim and Mr. Wan Si Chung have each served on the board for ten years. In light of the Corporate Governance Code's introduction of a nine-year tenure cap for independent non-executive directors, both have tendered their resignations as independent non-executive directors of the company, as well as members of the board's audit committee, remuneration committee, and nomination committee.

Additionally, Mr. Ho Chi Lam has also served on the board for ten years. Given the same nine-year tenure limit for independent non-executive directors under the Corporate Governance Code, he has resigned as an independent non-executive director of the company and as a member of the board's audit committee.

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