PAK TAK INT'L announces that, effective December 31, 2024, Mr. Chan Kin Sang will resign as an independent non-executive director due to Other Business commitments, and he will no longer serve as the Chairman of the Remuneration Committee, nor as a member of the Audit Committee and Nomination Committee. Mr. Cheng Sui Kwan has been appointed as the Chairman of the Remuneration Committee. Mr. Chan confirms that there are no disagreements with the Board of Directors and is not aware of any matters regarding his resignation that need to be brought to the attention of Shareholders and the Stock Exchange.Due to Mr. Chan's resignation, PAK TAK INT'L is unable to comply with the provisions of Listing Rules...Show More

PAK TAK INT'L announces that, effective December 31, 2024, Mr. Chan Kin Sang will resign as an independent non-executive director due to Other Business commitments, and he will no longer serve as the Chairman of the Remuneration Committee, nor as a member of the Audit Committee and Nomination Committee. Mr. Cheng Sui Kwan has been appointed as the Chairman of the Remuneration Committee. Mr. Chan confirms that there are no disagreements with the Board of Directors and is not aware of any matters regarding his resignation that need to be brought to the attention of Shareholders and the Stock Exchange.Due to Mr. Chan's resignation, PAK TAK INT'L is unable to comply with the provisions of Listing Rules 3.10(1), 3.10A, and 3.21, which stipulate that the Board of Directors must include at least three independent non-executive directors, and that such independent non-executive directors must account for at least one-third of the Board's members, and that the Audit Committee must consist of at least three members. The company will make every effort to find suitable candidates to fill the temporary vacancy on the Board of Directors and to appoint suitable candidates to join the Audit Committee to ensure compliance with the Listing Rules. The company will make a further announcement on this matter in due course.