APT Satellite Holdings Limited announced two key governance changes effective 21 August 2026. Independent Non-Executive Director (INED) Dr. Lam Sek Kong has retired, relinquishing his roles as Chairman of the Nomination Committee and member of both the Audit & Risk Management and Remuneration Committees. The board expressed appreciation for Dr. Lam’s contributions and confirmed no outstanding disagreements or matters requiring shareholder attention.

Concurrently, Mr. Xu Jianhong, 53, joins the board as an INED, assumes chairmanship of the Nomination Committee, and becomes a member of the Audit & Risk Management and Remuneration Committees. Mr. Xu brings more than three decades of investment and management experience. Since January 2025 he has served as Deputy CEO of Atta Holdings Group Limited, overseeing investment and asset management. He also sits as an independent director at Huawen Media Group. Previous roles include a decade with CCB International, culminating as Deputy Managing Director of CCB International Capital and Managing Director of its Global M&A Center, and earlier positions at CSC Financial and various PRC government departments.

Mr. Xu holds bachelor’s and master’s degrees in law from China University of Political Science and Law and Renmin University of China, respectively, and is pursuing a DBA in financial management at Brest Business School. He is licensed for Type 1, 4 and 9 regulated activities under Hong Kong’s Securities and Futures Ordinance, possesses a Fund Industry Practitioner Qualification Certificate from the Asset Management Association of China, and is accredited as a Chartered Digital Asset Analyst Level I.

Under the company’s bye-laws, Mr. Xu will serve until the next annual general meeting, where he will be eligible for re-election. His remuneration is set at an annual director’s fee of HK$0.20 million, determined by shareholders upon recommendation from the Remuneration Committee.

Following these changes, the board comprises two Executive Directors, five Non-Executive Directors and four Independent Non-Executive Directors.