Hung Fook Tong Group Holdings Limited announced that on 25 March 2024, Mr. Kiu Wai Ming (Mr. Kiu) resigned as an independent non-executive Director, the chairman of the Nomination Committee, a member of the Audit Committee, and a member of the Remuneration Committee of the Company due to his own decision to devote more time to his personal engagements. Mr. Kiu has confirmed that he has no disagreement with the Board and there are no matters that need to be brought to the attention of the holders of securities of the Company and The Stock Exchange of Hong Kong Limited. On 25 March 2024, Mr. Yeung Chu Kwong (Mr. Yeung) was appointed as an independent non-executive Director, the chairman of the Nomination Committee, a member of the Audit Committee and a member of the Remuneration Committee of the Company.

Mr. Yeung Chu Kwong, aged 63, is currently the executive vice-chairman, group chief executive officer, and an executive director of HKBN Ltd. (HKBN). Prior to joining HKBN in 2005, Mr. Yeung was the director of customers division at SmarTone Mobile Communications Limited. Mr. Yeung obtained a Bachelor of Arts Degree from Hong Kong Baptist University in December 1992, a Master of Business Administration Degree from the University of Strathclyde, United Kingdom in November 1995 and a Master of Science Degree in Electronic Commerce and Internet Computing from the University of Hong Kong inNovember 2001.

In 2010, Mr. Yeung was recognised as Champion of Human Resources by The Hong Kong HRM Awards.