Kingboard Holdings Limited (Stock Code: 148) has announced that Independent Non-Executive Director (INED) Mr. Cheung Ming Man will resign from his position effective 28 February 2026. He has stepped down as chairman of the Nomination Committee and as a member of the Audit Committee and the Remuneration Committee. According to the announcement, Mr. Cheung’s decision is driven by his desire to allocate more time to other commitments, and there are no disagreements with the board.

Effective on the same date, Ms. Xu Liyin will join the board as an INED. She will assume the role of chairman of the Nomination Committee, as well as serve on the Audit Committee and the Remuneration Committee. Ms. Xu, aged 47, has served as a deputy secretary-general of the Hong Kong Federation of Journalists since 2023 and previously worked at Ta Kung Pao from 2005 to 2019. Her academic credentials include a bachelor’s degree in International Economic Law from Shanghai International Studies University in 2002 and a Master of Laws degree from the University of Edinburgh in 2003.

The letter of appointment indicates Ms. Xu’s monthly remuneration will be HK$20,000, subject to review based on performance and market conditions. The board expressed gratitude for Mr. Cheung’s years of service and extended a welcome to Ms. Xu in her new role.