AustAsia Group Ltd (2425): Update on Nomination Committee Composition

Bulletin Express
2025/11/10

Effective 10 November 2025, AustAsia Group Ltd announced revisions to the Nomination Committee. The executive director and board chairman, Mr. Tan Yong Nang, no longer serves as chairman or member of the committee. Independent non-executive director Mr. Sun Patrick, who was already a committee member, has been re-designated as its chairman. Additionally, non-executive director and controlling shareholder Ms. Gabriella Santosa has been appointed as a new member.

Following these changes, the committee members are Mr. Sun as chairman, alongside Mr. Li Shengli and Ms. Santosa. According to the announcement, the adjustments align with the recent Listing Rules amendments and the updated Corporate Governance Code, which became effective on 1 July 2025. The company states that these measures are intended to reinforce committee effectiveness, broaden its diversity, and further elevate overall corporate governance practices.

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