Global International Credit Group Limited (GIC Group) announced that Independent Non-Executive Director Dr. Ng Lai Man, Carmen will retire by rotation at the forthcoming annual general meeting (AGM) and will not seek re-election, citing other professional commitments.
Effective upon the close of the AGM, Dr. Ng will also step down as: • Chair of the Audit Committee • Member of the Remuneration Committee • Member of the Nomination Committee
The outgoing director has confirmed she holds no claims against the company, has no disagreements with the Board and is unaware of any matters requiring shareholder or Stock Exchange attention.
Under Hong Kong Listing Rules 3.10(1), 3.10(2) and 3.10A, GIC Group must maintain at least three independent non-executive directors—representing no less than one-third of the Board—and ensure that at least one possesses appropriate accounting or related financial expertise. The company stated it will “use its best endeavours” to appoint a suitable replacement as soon as practicable to fill the vacancy created by Dr. Ng’s departure. Further announcements will be made in accordance with Listing Rule requirements.
As of the announcement date (27 March 2026), GIC Group’s Board comprises three executive directors—Chairman and Chief Executive Ms. Wang Yao, Ms. Jin Xiaoqin and Ms. Yip Lee Ying—and three independent non-executive directors—Dr. Ng Lai Man, Carmen, Mr. Man Yiu Kwong, Nick and Mr. Pao Ping Wing. Dr. Ng’s retirement will reduce the number of independent directors to two, triggering the need for a new appointment to meet regulatory thresholds.
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