Rex International Holding: Change in Board Control of LPH, LPH Group Financials to Be Deconsolidated

NewTimeSpace News: On May 8, 2026, Rex International Holding Limited announced that, as part of LPH's ongoing restructuring exercise, the majority of directors on the new boards of LPH and LPA are independent third parties, and the Company no longer has director representation on the new boards of LPH and LPA. As of the date of the announcement, the Company's effective ownership interest in LPH remains unchanged at 89.74%.

The announcement stated that in view of the change in control determination, and in accordance with SFRS(I) 10 Consolidated Financial Statements, the Board has accepted the recommendation of the Audit Committee to deconsolidate the LPH Group from the Group's consolidated financial statements with effect from April 10, 2026.

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