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QMMM Holdings Ltd (NASDAQ:QMMM) reported several changes to its board of directors and committee structures, according to a press release statement filed with the Securities and Exchange Commission.
On June 30, 2025, Chun San Leung resigned as a director of the board for personal reasons, with the company noting there was no dispute or disagreement with the board or company. Chan Anthony Saikit also resigned as independent director, effective June 30, 2025, for personal reasons and not due to any disagreement.
Effective June 30, 2025, Chong Ka Yee was appointed as a director. Mr. Chong has over nine years of finance experience, including roles as independent non-executive director and chairman of the audit committee at OCI International Holdings Ltd, and previous executive positions at CSFG International Securities Limited, Mason Group Holdings Limited, and Shengang Securities Company Limited.
Also effective June 30, 2025, Chun Kit Yu was appointed as independent director, chairman of the audit committee, and member of both the compensation and nomination committees. The company stated that Mr. Yu meets Nasdaq Stock Market independence requirements. Mr. Yu has more than ten years of financial and accounting experience, serving in director and executive roles at Skyline Builders Group Holding Ltd (NASDAQ:SKBL), Super X AI Technology Limited (NASDAQ:SUPX), and other companies listed in Hong Kong. The company confirmed that Mr. Yu has no family relationships with executive officers or directors, and has had no material transactions with the company in the past two years.
Following these changes, the company redesignated its committee memberships. As of June 30, 2025, the audit committee is chaired by Chun Kit Yu, with Kui Hung (Johnny) Hui and Yee Man (Irving) Cheung as members. The compensation committee is chaired by Yee Man (Irving) Cheung, with Chun Kit Yu and Kui Hung (Johnny) Hui as members. The nominating and corporate governance committee is chaired by Kui Hung (Johnny) Hui, with Chun Kit Yu and Yee Man (Irving) Cheung as members.
All information is based on a press release statement filed with the SEC.
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