Hong Kong-listed Summit Ascent has appointed Chang Heng Kit as a new non-executive director.
According to a Thursday filing with the Hong Kong Stock Exchange, Chang was a director of guest services and relations development for a leading gaming promoter in Macau from 2011 to 2021.
Chang, aged 37, is currently the general manager of a travel agency in Vietnam.
In his role as a non-executive director, Chang will receive an annual fee of HK$240,000 ($30,730), according to the filing.
With this appointment, the company continues to maintain its audit committee, remuneration committee, nomination committee, and corporate governance committee without any member changes.
In January this year, the majority of the Summit Ascent board of directors resigned in protest against the company’s intended departure from the Russian casino market, involving the sale of its shares in Tigre de Cristal, an integrated resort (IR) situated in the Primorye economic zone.
Trading in Summit Ascent shares has been suspended since 14th February 2024 and will only resume when the company meets all resumption guidelines.
A new meeting has been called by the parent company of Summit Ascent, the LET Group, to decide about the group’s proposition to dispose of its Russian casino assets, including Tigre de Cristal.
