Khoon Group names new directors after resignation of chairman, CEO

The board reshuffle marks next phase of management transition.

Khoon Group Limited announced new board appointments to restore compliance with Hong Kong listing requirements following the resignations of Chairman Ang Jui Khoon and CEO Ang Kok Kwang, the company said in a filing.

Tseung Choi Wing Queenie, a corporate finance lawyer, has been appointed as Executive Director and Authorised Representative. Fang Lihua Ruby, a capital markets lawyer, joins as Independent Non-Executive Director and will serve on key board committees.

The appointments restore Khoon Group’s compliance with corporate governance requirements under Hong Kong’s Listing Rules. So Chi Kai has been redesignated as Chairman of the Audit Committee, and Fok Wai Hung now chairs the Nomination Committee.

The company said the outgoing directors stepped down for personal reasons and confirmed no disagreements with the board.