Aapico Hitech Public Company Limited Announces Executive Changes
June 29, 2022 at 01:31 am EDT
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AAPICO Hitech Public Company Limited announced at its board meeting held on June 29, 2022 the resignation of Mr. Kaikhushru Vicaji Taraporevala from an Independent Director, Member of Audit Committee and Member of Nomination and Remuneration Committee due to his other business engagement. This shall be effective on June 29, 2022. Approved the appointment of Mr. Jianhui Shi as an Independent Director, Member of Audit Committee and Member of Nomination and Remuneration Committee in replacement of Mr. Kaikhushru Vicaji Taraporevala for the remaining term of his office. The replacement shall be effective on June 29, 2022. In this regard, the Board of Directors has considered and viewed that Mr. Jianhui Shi is highly competent with
knowledge and experience that are beneficial to the Company. He is fully qualified for being Independent Director, Member of the Audit Committee and Member of Nomination and Remuneration Committee. He is also able to express opinion freely regarding Company's business as prescribed in definition of the Independent Directors of the Company, and do not contain any prohibited characteristics under the Public Limited Act, B.E. 2535 (1992), the Securities and Exchange Act, B.E. 2535 (1992) and other relevant regulations.
AAPICO Hitech Public Company Limited is a Thailand-based company. The Company is principally engaged in the manufacture and distribution of automobile parts, dies, and jigs. The Companyâs segments include the manufacture of auto parts segment, sales of automobiles and provision of automobile repair services segment, and other segments that represent the manufacture and sales of car navigation systems and services relating to technology. The Company is focused on manufacturing OEM automotive parts, including floor parts, cross members, pillars, brackets, clips, and fuel tanks, for leading automobile assemblers in Thailand. The Company is focused on the OEM auto parts manufacturing business, the car dealership business, and the Internet of Things (IoT) connectivity and mobility business. Its subsidiaries include AAPICO Amata Company Limited, New Era Sales Company Limited, Able Motors Company Limited, AAPICO Hitech Parts Company Limited, and AAPICO Hitech Tooling Company Limited.