TG SMART ENERGY (01083.HK): Re-designation of Mr. Liao Jili as Independent Non-Executive Director

NewTimeSpace News: On 9 September 2026, Towngas Smart Energy Company Limited (stock code: 01083) announced that Mr. Liao has been re-designated from a non-executive director to an independent non-executive director, and appointed as a member of the audit and risk committee, the remuneration committee and the nomination committee, with effect from 9 September 2026. He will receive an annual director's fee of HKD 200,000 plus additional fees of HKD 300,000 for serving on the board committees.

Mr. Liao, aged 52, has over 20 years of experience investing in and advising companies across industries in Greater China. He joined merger and acquisition fund manager Affinity Equity Partners in 2006 and was nominated as a non-executive director in 2021 by Clean Energy, controlled by funds under the Affinity group. Following the redemption of the convertible bonds by the Company on 7 July 2026, Clean Energy no longer has the right to nominate directors, and Mr. Liao resigned as a partner of Affinity Equity Partners on 10 July 2026. The nomination committee and the Board, having assessed the relevant factors, consider Mr. Liu to be independent.

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