News summary

Lion Rock Group (01127) announced that Dr. Wu Liwen has resigned as an independent non-executive director and no longer serves as chairman and member of the audit committee. His retirement will take effect immediately.

Newsletter text

[Dr. Wu Liwen, Independent Non-Executive Director of Lion Rock Group (01127), retires]

Lion Rock Group (01127) disclosed today that Dr. Wu Liwen has confirmed that he will no longer serve as an independent non-executive director of the company and will formally step down at the annual general meeting.

Dr. Wu previously held several important positions on the Board, including Chairman and member of the Audit Committee, member of the Remuneration Committee and member of the Nomination Committee. sherodandreelThe retirement of the Company will take effect immediately after the conclusion of the annual general meeting.

Dr. Wu's departure may have an impact on the group's governance structure. Investors need to pay attention to his replacements on the audit committee, remuneration committee and nomination committee and their impact on corporate governance.

Lion Rock Group stated that it will follow corporate governance rules and procedures and arrange suitable personnel to fill the vacancy left by Dr. Wu as soon as possible.