Primega Group (PGHL) appoints Tan Yu, Liu Wei to top roles in July 2025

Rhea-AI Filing Summary

Primega Group Holdings Limited (PGHL) filed a Form 6-K announcing simultaneous senior leadership changes. The Board accepted the immediate resignations of Chief Executive Officer Mr. Man Siu Ming and Chief Financial Officer Mr. Lau Mei Suen, both citing personal reasons and no disagreements with the Company. Mr. Man will remain with PGHL as General Manager, preserving institutional knowledge.

Effective 16 July 2025, the Board appointed Mr. Tan Yu as Chief Executive Officer and Ms. Liu Wei as Chief Financial Officer. Mr. Tan, a Jilin University graduate, brings multi-industry C-suite experience in operations and strategic planning. Ms. Liu, holding a finance degree from Heilongjiang University of Commerce, has a background in budgeting, internal controls and financial system implementation.

The filing contains no financial results, guidance or transaction details. The swift replacement mitigates operational disruption, yet the dual departure of top executives introduces near-term leadership transition risk for investors to monitor.

Positive

• Immediate appointments of new CEO and CFO reduce operational downtime and signal existing succession planning.
• Outgoing CEO retains a management role, preserving institutional knowledge during transition.

Negative

• Simultaneous resignation of both CEO and CFO introduces leadership uncertainty and potential strategic disruption.
• No additional information on new executives’ public-company experience or future strategic direction, leaving investors with limited visibility.

Insights

Corporate Governance Expert

TL;DR: Simultaneous CEO & CFO exits raise governance risk; prompt replacements soften blow.

Dual C-suite turnover within one month is a red flag in governance assessments because it heightens execution and cultural risk. Management continuity is partly retained through Mr. Man’s shift to General Manager, reducing knowledge loss. The Board acted quickly, limiting the vacancy window and signalling proactive succession planning. However, investors will want evidence that Mr. Tan and Ms. Liu can navigate public-company controls and investor relations, areas not detailed in the filing. Absent performance data, impact is moderately negative until new leaders prove capability.

Portfolio Manager

TL;DR: Leadership shuffle likely neutral to mildly negative for valuation in short term.

From a portfolio lens, abrupt CEO/CFO changes typically trigger a risk premium expansion, pressuring the share price. Market reaction will hinge on Mr. Tan’s strategic track record and Ms. Liu’s capital-market expertise—neither quantified here. The fact that departures were for personal reasons and free of board conflict limits downside, yet investors will discount until clarity on strategy, guidance and retention of key talent emerges. I would assign a modest portfolio weight reduction pending follow-up disclosures.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16

OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of July 2025

Commission File Number: 001-42181

Primega Group Holdings Limited

Room 2912, 29/F., New Tech Plaza

34 Tai Yau Street

San Po Kong

Kowloon, Hong Kong

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

INFORMATION CONTAINED IN THIS REPORT ON FORM 6-K

Resignation of Chief Executive Officer and Chief Financial Officer

In July 2025, the Board of Directors (the “Board”) of Primega Group Holdings Limited (the “Company”) received and accepted the resignation of Mr. Man Siu Ming (“Mr. Man”) from his position as Chief Executive Officer and the resignation of Mr. Lau Mei Suen (“Mr. Lau”) from his position as Chief Financial Officer, both effective immediately. Each of Mr. Man and Mr. Lau resigned for personal reasons and not due to any disagreement with the Company or the Board on any matter relating to the Company’s operations, policies, or practices. Mr. Man will continue to serve the Company as General Manager.

Appointment of Chief Executive Officer and Chief Financial Officer

Effective July 16, 2025, the Board appointed Mr. Tan Yu (“Mr. Tan”) as Chief Executive Officer and Ms. Liu Wei (“Ms. Liu”) as Chief Financial Officer of the Company.

Mr. Tan holds a Bachelor’s degree from Jilin University. He has served in multiple C-suite roles across a range of companies, where he was responsible for corporate operations, strategic planning, and organizational oversight. His experience spans several industries and includes both managing day-to-day business activities and directing long-term initiatives. Mr. Tan will contribute to the Company’s overall management and support the execution of its strategic objectives.

Ms. Liu holds a Bachelor’s degree in Finance from Heilongjiang University of Commerce. She has experience in financial management and compliance, including a prior role as finance manager with responsibilities encompassing budgeting, internal controls, and the implementation of financial systems. Ms. Liu will contribute to the Company’s financial operations and ongoing compliance initiatives.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	PRIMEGA GROUP HOLDINGS LIMITED
	By:	/s/ Tan Yu
	Name:	Tan Yu
	Title:	Chief Executive Officer, Chairman of the Board and Director

Date: July 16, 2025

FAQ

Why did Primega Group's CEO and CFO resign?

Both executives resigned for personal reasons and there were no disagreements with the Board or company policies.

When do the leadership changes at PGHL take effect?

Resignations were effective immediately in July 2025 and replacements began 16 July 2025.

Who is Primega Group’s new CEO?

The Board appointed Mr. Tan Yu, an executive with multi-industry C-suite experience, as Chief Executive Officer.

Who is Primega Group’s new CFO?

Ms. Liu Wei, a finance professional with budgeting and compliance background, became Chief Financial Officer on 16 July 2025.

Does the filing include financial results or guidance?

No. The Form 6-K focuses solely on management changes and contains no financial data or outlook.