VSING reports passing of independent director, committee reshuffle and temporary GEM Rule breach

Bulletin Express04-13

VSING Limited announced that independent non-executive director (INED) Mr. Ma Kin Hung passed away on 6 April 2026. Mr. Ma had served on the Board and its committees with what the company described as “significant contributions.”

Following the loss, the Board now comprises five directors: three executive directors—Mr. Ngu Sing King, Mr. Lai Kwok Hei and Mr. Chan Kin Ho Philip—and two INEDs, Ms. Wong Hoi Yan Audrey and Ms. Cheung Choi Hung. Mr. Ma’s committee roles have been reassigned, effective 13 April 2026. Executive director Mr. Lai Kwok Hei joins the Remuneration Committee, while INED Ms. Wong Hoi Yan Audrey becomes both chair and member of the Nomination Committee.

Because the Board now has only two INEDs and the Audit Committee only two members, VSING is not in compliance with GEM Listing Rules 5.05(1) and 5.28, which require a minimum of three INEDs on the Board and three members on the Audit Committee, respectively. The company intends to appoint an additional INED within three months of 6 April 2026 to restore compliance and will issue further announcements as appropriate.

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