Announcement • Mar 11
Summit Ascent Holdings Limited Announces Management Changes
Summit Ascent Holdings Limited announced that with effect from March 11, 2025 Mr. Lam Hung Tuan ("Mr. Lam") has been appointed as an executive Director, Mr. Lau Yau Cheung ("Mr. Lau") has been appointed as an independent non-executive Director, and as a member and the chairman of the nomination committee ("Nomination Committee"), as well as a member of the audit committee ("Audit Committee"), remuneration committee ("Remuneration Committee") and corporate governance committee ("Corporate Governance Committee") of the Company; Mr. Li Chak Hung ("Mr. Li") has been appointed as an independent non-executive Director, and as a member and the chairman of the Audit Committee, as well as a member of the Remuneration Committee, Nomination Committee, and Corporate Governance Committee; Ms. Ng Shin Kwan Christine ("Ms. Ng") has been appointed as an independent non-executive Director, and as a member and the chairlady of each of the Remuneration Committee and Corporate Governance Committee, as well as a member of each of the Audit Committee and Nomination Committee; and Ms. Mak Sin Man ("Ms. Mak") has been appointed as (i) the company secretary of the Company; (ii) an authorised representative of the Company under Rule 3.05 of the Rules Governing the Listing of Securities (the "Listing Rules") of The Stock Exchange of Hong Kong Limited (the "Stock Exchange"); and (iii) an authorised representative for accepting service of process and notices on behalf of the Company in Hong Kong as required under the Companies Ordinance (Chapter 622 of the Laws of Hong Kong). Mr. Lam, aged 47, is currently an executive director of LET Group Holdings Limited ("LET Group"), a company listed on the Stock Exchange (stock code: 1383) and a controlling shareholder of the Company. Mr. Lam is also the Chief Technology Officer of Suntrust Resort Holdings Inc., a subsidiary of LET Group. He is also the Vice President of Information Systems and Technology (IS&T) of Hoi An South Development Ltd., an indirect subsidiary of the then joint venture of LET Group, during the period from November 2021 to July 2022. Mr. Lam has over 20 years of experience in information technology industry. Mr. Lam began his Bachelor degree of Science at the Western Sydney University (formerly known as University of Western Sydney) in January 1996. After completing his first year of studies, he proceeded with and focused on advancing his career. Mr. Lau, aged 64, was an independent non-executive Director of the Company during the period from 31 October 2018 to 15 January 2024. He was also the chairman of the Nomination Committee and a member of the Audit Committee, Corporate Governance Committee and Remuneration Committee of the Company. Mr. Lau holds a bachelor's degree in commerce from the University of Toronto in Canada. Mr. Lau has over 28 years of experience in business strategies and corporate finance and 7 years of experience in the securities trading business. He has served in various senior management positions with both private and public companies in Hong Kong and overseas. Mr. Lau is the managing director of BH Capitalink Development Limited. He was also an independent non-executive director of Sandmartin International Holdings Limited ("Sandmartin"), a company listed on the Stock Exchange (stock code: 482), during the period from 7 August 2017 to 18 August 2021, and the chairman of Sandmartin during the period from 18 August 2017 to 18 August 2021. A winding up petition dated 5 July 2017 was filed by a petitioner against Sandmartin (the "Petition"), which was prior to the appointment of Mr. Lau as an independent non-executive director of Sandmartin on 7 August 2017 and chairman of the board of directors of Sandmartin on 18 August 2017. Upon submission of the joint application of the petitioner, Sandmartin and the 2nd and 3rd respondents by way of consent summons dated 21 December 2018, the High Court of Hong Kong had granted an order on 7 January 2019 that the Petition be dismissed. Mr. Li, aged 60, was an independent non-executive director of the Company during the period from 31 October 2018 to 15 January 2024. He was also the chairman of the Audit Committee and a member of the Remuneration Committee, Nomination Committee and Corporate Governance Committee of the Company. Mr. Li has over 30 years' experience in accounting, auditing, taxation and financial management. Mr. Li is currently an independent non-executive director of Asiasec Properties Limited (stock code: 271) and Alpha Professional Holdings Limited (stock code: 948), and was an independent non-executive director of Sandmartin from 20 September 2016 to 18 August 2021, all of these companies are listed on the Stock Exchange. Mr. Li is graduated from The Chinese University of Hong Kong and holds a Bachelor's Degree of Business Administration. He is a practising Certified Public Accountant of the Hong Kong Institute of Certified Public Accountants and a Fellow of The Taxation Institute of Hong Kong. The Petition was filed against Sandmartin during the period when Mr. Li was an independent non-executive director of Sandmartin. Upon submission of the joint application of the petitioner, Sandmartin and the 2nd and 3rd respondents by way of consent summons dated 21 December 2018, the High Court of Hong Kong had granted an order on 7 January 2019 that the Petition be dismissed. Ms. Ng, aged 56, obtained a Bachelor of Economics degree from the University of Sydney and has over 20 years of experience in business development, corporate management and investment funds and held executive positions in various investment and securities companies. Ms. Ng was also an executive director of GT Group Holdings Limited ("GT Group") during the period from 31 August 2007 to 4 March 2022. GT Group was a company incorporated in Hong Kong and was listed on the Stock Exchange until delisted on 31 October 2022. Ms. Mak is currently the financial controller of the Company. Ms. Mak is a Certified Public Accountant of the Hong Kong Institute of Certified Public Accounts, an Associate of The Hong Kong Chartered Governance Institute (formerly The Hong Kong Institute of Chartered Secretaries) and an Associate of The Institute of Chartered Accountants in England and Wales. Ms. Mak obtained a bachelor degree of business administration in accountancy and a master degree of corporate governance. She has over 15 years of experience in the corporate secretarial and accounting field.
