APT SATELLITE (01045.HK): Lam Sik Kwong resigns as Independent Non-Executive Director, Xu Jianhong appointed

NewTimeSpace News: On 21 August 2026, APT Satellite Holdings Limited (stock code: 01045) announced that Dr. Lam Sik Kwong has resigned as Independent Non-Executive Director, Chairman of the Nomination Committee, and member of the Audit and Risk Management Committee and Remuneration Committee due to retirement, effective 21 August 2026; Mr. Xu Jianhong has been appointed as Independent Non-Executive Director, Chairman of the Nomination Committee and member of the above committees, effective the same day.

According to the announcement, Mr. Xu, aged 53, has over 30 years of experience in investment and management, serving as Deputy Chief Executive Officer of Hongyi Holdings Group Limited since January 2025; he previously worked at CCB International (Holdings) Limited from June 2015 to January 2025 (last serving as Deputy General Manager of CCB International Financial Limited and General Manager of CCB International Global M&A Center), and served as a director of CSC Financial Co., Ltd. (06066.HK) from April 2012 to June 2015. Mr. Xu is licensed for Type 1, Type 4 and Type 9 regulated activities under the Securities and Futures Ordinance, with his sole remuneration being an annual directors' fee of HKD 200,000, and his term lasting until the Company's first annual general meeting after his appointment.

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