BYTE META: INED Transition—Shen Haipeng Steps Down, Tan Chenhui Joins Board and Heads Remuneration Committee

Bulletin Express
Jun 01

Byte Metaverse Holdings Limited (“BYTE META”, 08645) has announced a board reshuffle effective 1 June 2026. Independent Non-executive Director (INED) Shen Haipeng will resign due to other business and personal commitments. Concurrently, Shen will vacate his roles as chairman of the Remuneration Committee and member of the Audit Committee.

The Board has appointed Tan Chenhui, aged 50, as Shen’s successor. Tan will serve as: 1) Independent Non-executive Director 2) Chairman of the Remuneration Committee 3) Member of the Audit Committee

Tan brings more than 23 years of experience in business operations, internet technology, marketing and corporate management. His career includes senior positions at Horizon Research Consultancy, 360doc Personal Library, Yahoo China, HouseWeb, Meituan.com, Beijing Pengle Investment Management, and entrepreneurial leadership at Beijing Kenisi Network Technology. Since 2023 he has been General Manager of Huabei Tianshi Company Limited, a PRC-based software development and marketing firm.

Governance and Term Details • Tan has signed a one-year appointment letter commencing 1 June 2026; the term renews annually unless either party gives three months’ notice. • Annual remuneration is set at HK$0.12 million, determined with reference to company performance and prevailing market conditions. • Tan meets all independence criteria under GEM Listing Rule 5.09 and holds no shares or financial interests in BYTE META.

Board Composition Post-Change Following these adjustments, BYTE META’s board comprises: • Executive Directors: Yu Decai (Chairman), Tian Jia • Non-executive Director: Jin Yangyang • Independent Non-executive Directors: Ng Der Sian, Tan Chenhui, Zheng Li Ping

The Board expressed appreciation for Shen’s contributions and welcomed Tan’s appointment, highlighting continuity in governance and committee oversight.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10