NAGACORP (03918.HK): appoints Yeap Chee Wan as INED, annual fee US$73,000, joins three committees

NewTimeSpace News: NAGACORP (03918.HK) announced that Mr. Yeap Chee Wan has been appointed as an Independent Non-executive Director of the Company and a member of each of the Audit Committee, the Nomination Committee and the Remuneration Committee with effect from 27 October 2026.

According to the announcement, Mr. Yeap, aged 54, has approximately 30 years of diverse experience in finance, treasury, strategy financial planning, business partnering and finance transformation, across the medical and healthcare, consumer FMCG and consumer product manufacturing sectors, with regional exposure across Asia Pacific. Between 2005 and 2025, he held various finance positions with the Malaysia and Singapore subsidiaries of Johnson & Johnson, including Finance Director in Malaysia; prior to that he was financial planning and analysis manager at Kraft Foods (Malaysia) Sdn Bhd and an accountant at B. Braun Medical Industries Sdn Bhd. He holds a Master of Finance from RMIT University, Australia, and a Bachelor of Commerce (Accounting) from La Trobe University, Australia, and is a member of CPA Australia and the Malaysian Institute of Accountants.

Pursuant to the letter of appointment dated 27 October 2026, Mr. Yeap is appointed for a term of one year and is subject to retirement by rotation and re-election at annual general meetings in accordance with the Articles of Association. He is entitled to an aggregate annual fee of US$73,000, comprising a base director's fee and supplementary committee fees, payable on a pro-rata basis for his service in 2026. He has confirmed his independence as regards to each of the factors referred to in Rules 3.13(1) to (8) of the Listing Rules, has no relationship with any other directors, senior management or substantial or controlling shareholders, and holds no interests in the shares of the Company.