The board of directors of LET Group Holdings Limited announced that with effect from 10 March 2025: Mr. Lam Hung Tuan has been appointed as an executive Director; Mr. Tou Kin Chuen has been appointed as an independent non-executive Director, and as a member and the chairman of the audit committee, as well as a member of the remuneration committee, nomination committee and risk management committee of the Company; Mr. Lo Wai Tung John has been appointed as an independent non- executive Director, and as a member and the chairman of the Remuneration Committee, as well as a member of the Audit Committee, Nomination Committee, and Risk Management Committee; Ms. Chan Suet Ngan has been appointed as an independent non-executive Director, and as a member and the chairlady of each of the Nomination Committee and Risk Management Committee, as well as a member of each of the Audit Committee and Remuneration Committee; and Mr. Lo Kai Bong has been resigned as a member and the chairman of the Risk Management Committee. Mr. Lam, aged 47, is currently the Chief Technology Officer of Suntrust Resort Holdings Inc., a subsidiary of the Company. He was also the Vice President of Information Systems and Technology (IS&T) of Hoi An South Development Ltd., an indirect subsidiary of the then joint venture of the Company, during the period from November 2021 to July 2022.
Mr. Lam has over 20 years of experience in information technology industry. Mr. Lam began his Bachelor degree of Science at the Western Sydney University in January 1996. After completing his first year of studies, he proceeded with and focused on advancing his career.
Mr. Tou, aged 48, joined the Company on 26 April 2012 and was an independent non-executive Director from 26 April 2012 to 15 January 2024 and from 2 May 2024 to 5 November 2024. Mr. Tou was also an independent non-executive director of Victor Sky Holdings Limited, a wholly- owned subsidiary of the Company, from September 2022 to April 2023. Mr. Tou is the principal of Roger K.C. Tou & Co., certified public accountants.
Mr. Tou graduated from the Hong Kong Shue Yan University (formerly known as Hong Kong Shue Yan College) with an Honours Diploma in Accounting in 2001. He is experienced in audit, taxation, company secretarial, insolvency and finance for over 25 years. Mr. Tou is a member of the Hong Kong Institute of Certified Public Accountants and an associate of the Taxation Institute of Hong Kong.
Mr. Tou has been the independent non-executive director of Imperium Financial Group Limited since 14 March 2011, a company listed on the GEM operated by The Stock Exchange of Hong Kong Limited and Milan Station Holdings Limited since 22 July 2015, a company listed on the Main Board of the Stock Exchange. Mr. John Lo, aged 56, joined the Company on 10 October 2012 and was an independent non- executive Director from 10 October 2012 to 15 January 2024 and from 2 May 2024 to 5 November 2024. Mr. John Lo graduated from the Chinese University of Hong Kong with a bachelor's degree of Science in Computer Science in 1991.
Mr. John Lo is experienced in securities and finance industry for over 30 years. Mr. John Lo has entered into a letter of appointment with the Company on 10 March 2025 for a term of one year commencing from 10 March 2025 and renewable automatically for successive terms of one year each upon expiry of the then current term of his appointment, subject to (i) retirement and re-election by the Independent Shareholders at the upcoming EGM and (ii) retirement by rotation and re-election at the annual general meeting of the Company according to the Articles provided that for so long as Mr. Lo and/or his associates remain shareholders of the Company, such re-election shall be subject to approval by the Independent Shareholders. Mr. John Lo will receive an annual fee of HKD 120,000.
Mr. John Lo's emolument was determined and will be reviewed by the Board annually with reference to his qualifications, experience, duties and responsibilities with the Company, as well as the Company's performance and the prevailing market conditions. Ms. Chan, aged 54, obtained a bachelor degree of commerce from the University of Auckland, New Zealand. She is a member of CPA Australia and a member of the Hong Kong Institute of Certified Public Accountants.
She has over 23 years of experience in the fields of accounting, finance and company secretariat. Ms. Chan was also an executive director of 8088 Investment Holdings Limited during the period from 1 January 2018 to 26 August 2024. 8088 Investment is a company incorporated in the Cayman Islands and was listed on the GEM operated by the Stock Exchange until it was delisted on 22 August 2022.
An EGM will be convene and held at which Mr. Lam, Mr. Tou, Mr. John Lo and Ms. Chan will be retired and will offer themselves for re-election by the Independent Shareholders. Mr. Lo and his associates will abstain from voting at the EGM. A circular containing, among other matters, (i) further details of each of the Directors to be retired and to be re-elected; (ii) the ordinary resolutions approving their re-election; and (iii) the notice of the EGM, will be dispatched to the shareholders of the Company in due course.
Following the appointment of Mr. Lam as an executive Director and Mr. Tou, Mr. John Lo and Ms. Chan as independent non-executive Directors, the composition of the Board committees has been changed as follows with effect from 10 March 2025: Mr. Tou has been appointed as a member and the chairman of the Audit Committee, as well as a member of each of the Remuneration Committee, Nomination Committee and Risk Management Committee; Mr. John Lo has been appointed as a member and the chairman of the Remuneration Committee, as well as a member of each of the Audit Committee, Nomination Committee and Risk Management Committee; Ms. Chan has been appointed as a member and the chairlady of each of the Nomination Committee and Risk Management Committee, as well as a member of each of the Audit Committee and Remuneration Committee; and Mr. Lo has been resigned as a member and chairman of the Risk Management Committee.
