GOGOX Holdings Limited announced a significant board overhaul effective 6 November 2026, marked by the resignation of two directors and a realignment of key board committees.
Executive Director and Co-Chief Executive Officer He Song resigned from the board, relinquishing his roles as Co-CEO, chairman of the Environmental, Social and Governance (ESG) Committee and member of the Nomination Committee. He cited the need to focus on other business commitments and confirmed no disagreements with the board or issues requiring shareholder attention.
With He’s departure, Chairman Lam Hoi Yuen will serve as the company’s sole Chief Executive Officer. This dual capacity departs from the Corporate Governance Code provision C.2.1, which recommends separating the chairman and CEO roles. The board justified the consolidation by referencing Lam’s deep operational knowledge and the presence of three independent non-executive directors, majority-vote decision making and active board committee oversight. The board intends to revisit the structure periodically.
Non-Executive Director Li Xiaojing also resigned, vacating her seat on the Audit Committee, likewise to commit more time to other business pursuits. Li confirmed there were no outstanding disagreements with the board.
Board committee memberships were reconstituted as follows: • Nomination Committee – Lam Hoi Yuen joins as a member, with Independent Non-Executive Director (INED) Chu Ka Yin Norma remaining chair and INED Zhao Hongqiang as member. • Audit Committee – INED Chu Ka Yin Norma fills the vacancy, joining chairman Zhao Hongqiang and INED Tang Shun Lam. • ESG Committee – Lam Hoi Yuen becomes chairman, with INEDs Chu Ka Yin Norma and Tang Shun Lam as members. The Remuneration Committee is unchanged.
Following the reshuffle, GOGOX’s board comprises one Executive Director (Lam Hoi Yuen), one Non-Executive Director (Hu Xiangcheng) and three INEDs (Tang Shun Lam, Zhao Hongqiang, Chu Ka Yin Norma).
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