Asia Television Holdings Limited announced Dato' Sri Lai Chai Suang (Dr. Lai) has been re-designated from a non-executive director to an executive director, with effect from 10 October 2022. Dr. Lai, aged 52, was re-designated from a non-executive director to an executive director of the company as recommended by the nomination committee of the company and approved by the board. Dr. Lai had been a non-executive director of the company from 20 December 2019 to 10 October 2022.

Dr. Lai holds a Honorary Doctorate Degree of Humanities from Southwest State University, Russia. As an outstanding entrepreneur, Dr. Lai has been active in leading women's roles and is known in Malaysia for her strong acumen in business and inspirational speech. Upon Dr. Lai's re-designation, the existing letter of appointment with the company will remain unchanged as disclosed in the announcement of the company dated 19 December 2019.

Dr. Lai will be subject to retirement by rotation and re-election every three years at the annual general meetings of the company in accordance with article 87 of the Company's articles of association. The appointment will be renewable automatically for successive term of one year only commencing from the next date after the expiry of the then current term of her appointment unless terminated by either party giving not less than three months' prior notice in writing to the other. In accordance to the Letter of Appointment, Dr. Lai is entitled to a director's remuneration of HKD 960,000 per annum, which was determined by the Board and the remuneration committee of the Board with reference to her duties and responsibilities with the company.