Directorate Change
AIQ Limited has announced the immediate resignation of Directors Charles Yong Kai Yee and Dwight Mighty as a cost-saving measure due to constrained revenue generation. The Board, now consisting of Independent Chairman Harry Chathli and Executive Director Li Chun Chung, does not plan to appoint replacements at this time but will review the situation. The company expressed gratitude for the departing directors' contributions.
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AIQ (LSE: AIQ) announces that in the interest of reducing costs while the Company's revenue generation remains constrained, Charles Yong Kai Yee and Dwight Mighty, Directors of the Company, have resigned with immediate effect.
The Board, comprising Harry Chathli as Independent Chairman and Li Chun Chung as Executive Director, does not currently intend to appoint new Directors but will keep this under review.
Harry Chathli, Chairman of AIQ, said: "I would like to thank Charles and Dwight for their contribution to AIQ and to the Board during their tenure as Directors. We wish them every success with their future endeavours."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.