Ostin Technology Board Removes Director and Forms Special Committee Amid Indictment
Ostin Technology Group Co. Ltd. announced that its Board of Directors convened a meeting on October 21, 2025. During the meeting, the Board resolved to remove Mr. Lai Kui Sen from his positions as director and Co-Chief Executive Officer of the company, effective immediately, following his indictment for various offenses, including conspiracy to commit securities fraud and wire fraud, in the United States District Court for the Eastern District of Virginia. The Board also established a Special Committee, authorized to take necessary actions in connection with these matters, and directed company officers to support the Committee as needed. Additionally, Maples Corporate Services Limited was authorized to update company records and make necessary filings related to the removals.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ostin Technology Group Co. Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-100708), on October 21, 2025, and is solely responsible for the information contained therein.
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