Fourace Industries Group Holdings Limited (1455) announced that, effective 3 March 2026, Chairman and Executive Director, Mr. Li Shu Yeh, stepped down from his position as Chief Executive Officer. The move aligns with Code Provision C.2.1 of the Corporate Governance Code, separating the roles of chairman and chief executive for improved governance. Mr. Li will continue serving as executive Director, chairman of the board, and a member of both the remuneration and nomination committees.
The company appointed Ms. Li Sen Julian, aged 49, as the new CEO, also effective 3 March 2026. She previously served as the Group’s general manager from June 2006 until 2 March 2026, overseeing operations and financial management. Ms. Li has nearly 25 years of industry experience and received a bachelor’s degree in clinical medicine from Tianjin Medical University in July 2001. Ms. Li remains an executive Director and has a service agreement for a three-year term that renews automatically for one-year periods. She is entitled to a monthly remuneration of HK$0.09 million, subject to adjustment by the board, and received a total of HK$1.51 million for the financial year ended 31 March 2025.
Ms. Li currently holds 3,812,500 shares of the company. She is also deemed to hold 1,025,000 shares through Trump Exalt Limited, which is wholly owned by Julian Li Family Limited, in turn wholly owned by Ms. Li. The board expressed gratitude to Mr. Li for his contributions and noted that Ms. Li’s appointment aligns with the required delineation of responsibilities, fulfilling the corporate governance requirement for separate chairman and CEO roles.
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