Effective from the conclusion of Lam Soon (Hong Kong) Limited’s (Stock Code: 411) annual general meeting on November 12, 2025, several changes in the Company’s Board of Directors and committees have been confirmed.
Non-executive Director (NED) Dr. WHANG Sun Tze retired upon reaching retirement age. Independent Non-executive Director (INED) Mr. Lester G. HUANG, SBS, JP chose not to stand for re-election after over 11 years of service. Consequently, Mr. Huang stepped down from his positions as Chairman of the Board Remuneration Committee (BRC) and member of the Board Audit and Risk Management Committee (BARMC). Both retirees indicated no disagreement with the Board or any issues requiring further attention.
The Company named Mr. WHANG Yixiang Remus, aged 35, as a NED. He is an executive director and group chief executive officer of MC Packaging Pte Ltd, previously worked in investment banking at Evercore, and was involved in business development at Guoco Group, overseeing a portfolio of fast-moving consumer goods assets in the Asia Pacific region and China. He graduated from The Wharton School of the University of Pennsylvania with a Bachelor of Science in Economics and is subject to retirement by rotation and re-election at annual general meetings. He will receive an annual director’s fee of HK$240,000, subject to shareholders’ approval, and does not hold any interests in the shares or debentures of the Company.
Additionally, the Company appointed Mr. CHAU Siu Lun, aged 61, as an INED and member of both the BARMC and BRC. He is qualified as a solicitor in Hong Kong and England and Wales, currently a partner at Haiwen & Partners LLP, and previously served as a partner at Herbert Smith Freehills LLP from 2006 to 2022 while heading its Beijing representative office from 2011 to 2022. He specializes in listings, equity and debt financing, mergers and acquisitions, restructuring, spin-offs, corporate governance, and ESG matters. A fellow of the Hong Kong Chartered Governance Institute (HKCGI), he has been its council member since 2021 and vice president since 2024. He is also a Certified Anti-Money Laundering Specialist and an arbitrator for the Beijing Arbitration Commission and the Beijing International Arbitration Center. In addition, he serves as an INED for AUX International Holdings Limited and Great Wall Motor Company Limited. Mr. Chau will receive an annual director’s fee of HK$240,000 plus HK$100,000 for BARMC and BRC memberships, subject to shareholders’ approval. He holds no interests in the Company’s securities, meets all independence criteria under the Listing Rules, and has no relationship with other directors or senior management.
Further, Ms. CHEUNG Man Ying has been re-designated as Chairman of the BRC. The Board extends its gratitude to the retiring directors and welcomes the new appointees.