Hong Kong-listed LET Group Holdings has appointed Suntrust Resort Holdings’ Chief Technology Officer, Lam Hung Tuan, as its new executive director, effective March 10th, 2025.
Suntrust, a subsidiary of LET Group, is a Philippine gaming operator currently developing the $1.1 billion Westside City project in the Metro Manila.
The appointment was announced in a stock filing released after trading hours on Monday.
LET Group has also appointed two returning board members, Tou Kin Chuen and Lo Wai Tung John, as independent non-executive directors. Tou Kin Chuen will chair the Audit Committee, while Lo Wai Tung John, who has a strong background in the securities and finance industry, will lead the Remuneration Committee.
Additionally, Chan Suet Ngan, with over 23 years of experience in accounting, finance, and company secretariat roles, will chair the Nomination and Risk Management Committees.
Meanwhile, Lo Kai Bong has resigned as a member and chairman of the Risk Management Committee.
Following the resignation of independent non-executive director Kwok Kai Bun Bennie on November 11th, 2024, LET Group had been operating without a replacement for the role while actively seeking suitable candidates.
Although a new independent non-executive director has recently been appointed, the company still faces the risk of delisting, as certain requirements remain unmet. Trading in the company’s shares has been suspended since February 14th, 2024, and will remain so until all resumption conditions are fulfilled.
