PTL Limited adds Chun Kit Yu as new independent director

PTL Limited reported board changes involving its independent directors.

Rhea-AI Filing Summary

PTL Limited reported board changes involving its independent directors. Wai Hong Lin notified the company of his resignation as an independent director effective August 31, 2026, citing personal reasons, and the board accepted his resignation, stating it did not arise from any disagreement with the company’s operations, policies, or procedures.

On August 17, 2026, the board, Nominating Committee, and Compensation Committee approved the appointment of Chun Kit Yu, age 36, as a non-employee independent director with annual compensation of US$18,000, effective September 1, 2026, to serve until a successor is elected and qualified or earlier termination. The board determined that Yu is an independent director under U.S. SEC and Nasdaq rules, qualifies as an “audit committee financial expert”, and has the required financial sophistication. Yu will serve as chairman of the Audit Committee and as a member of the Compensation and Nominating Committees. He brings over 15 years of finance and accounting experience and holds multiple director and senior finance roles at Hong Kong and U.S.-listed companies.

Key Figures

Annual director compensation: US$18,000 Effective resignation date: August 31, 2026 Effective appointment date: September 1, 2026 +3 more

6 metrics

Annual director compensation US$18,000 Compensation for Chun Kit Yu as a non-employee independent director

Effective resignation date August 31, 2026 Effective date of independent director Wai Hong Lin’s resignation

Effective appointment date September 1, 2026 Effective date of Chun Kit Yu’s appointment as director

Director age 36 Age of newly appointed director Chun Kit Yu

Experience in finance and accounting over 15 years Professional experience of Chun Kit Yu in finance and accounting

Offer letter date August 17, 2026 Date of director offer letter to Chun Kit Yu (Exhibit 10.1)

Key Terms

independent director, audit committee financial expert, financial sophistication, Nominating Committee, +1 more

5 terms

independent director regulatory

"Mr. Yu will be serving on the Board of Directors as a non-employee, independent director."

An independent director is a member of a company's board of directors who is not involved in the company's day-to-day operations and has no significant relationships with the company that could influence their judgment. Their role is to provide unbiased oversight and ensure the company is managed in the best interests of all shareholders. This helps build trust and confidence among investors by promoting transparency and accountability.

audit committee financial expert regulatory

"qualifies as an “audit committee financial expert” as defined under Item 407(d)(5)"

A person on a company’s board who has deep knowledge of accounting, financial reporting and auditing, able to understand and question the books, controls and audit work like a trained mechanic inspecting an engine. Investors care because that expertise helps spot errors, weaknesses or misleading statements early, improving the likelihood that financial reports are accurate and reducing the risk of surprises that can hurt a company’s value.

financial sophistication financial

"possesses the requisite financial sophistication under Rule 5605(c)(2)(A)"

Nominating Committee regulatory

"a member of the Compensation Committee and Nominating Committee of the Company."

A nominating committee is a small group of company directors tasked with finding, evaluating and recommending people to serve on the board. Think of it as a hiring panel that chooses the team responsible for guiding the business and holding management accountable. Investors care because the committee’s choices shape the board’s experience, independence and judgment, which directly affect strategy, oversight, leadership succession and the protection of shareholder interests.

Compensation Committee regulatory

"the Board of Directors, Nominating Committee, and the Compensation Committee of the Company approved"

A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What board change did PTLE announce regarding independent director Wai Hong Lin?

PTL Limited announced that Wai Hong Lin resigned as an independent director effective August 31, 2026. The company stated his resignation was due to personal reasons and not because of any disagreement with its operations, policies, or procedures.

Who is the new independent director appointed by PTLE and when does he start?

PTL Limited appointed Chun Kit Yu as a non-employee independent director, effective September 1, 2026. His appointment was approved on August 17, 2026 and continues until his successor is duly elected and qualified or earlier termination.

What compensation will PTLE pay to new director Chun Kit Yu?

PTL Limited set annual compensation of US$18,000 for director Chun Kit Yu. This amount covers his role as a non-employee independent director, including his service on the Board and its committees, as outlined in his director offer letter.

What committees will PTLE’s new director Chun Kit Yu serve on?

Chun Kit Yu will serve as chairman of the Audit Committee and as a member of the Compensation Committee and Nominating Committee. The board also determined that he qualifies as an audit committee financial expert with the required financial sophistication.

How did PTLE classify the independence and expertise of director Chun Kit Yu?

The board determined that Chun Kit Yu is an independent director under applicable U.S. SEC and Nasdaq rules. It also concluded he qualifies as an “audit committee financial expert” under Regulation S-K and possesses financial sophistication under Nasdaq Listing Rule 5605(c)(2)(A).

What is the professional background of PTLE’s new director Chun Kit Yu?

Chun Kit Yu, age 36, has over 15 years of finance and accounting experience. He serves in senior finance and director roles at several listed companies, is a member of the Hong Kong Institute of Certified Public Accountants, and holds a 2011 accounting and finance degree from The Hong Kong Polytechnic University.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 6-K: How Foreign Companies Report to the SEC →

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Available on EDGAR 08/18/2026 - 08:30 AM Accepted by SEC EDGAR 08/18/2026 - 08:30 AM Learn about SEC filing dates

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 August 2026

Commission File Number: 001-42293

PTL Limited

(Translation of registrant’s name into English)

21 Bukit Batok Crescent

#24-71, WCGEGA Tower

Singapore 658065

(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 ☐

On August 17, 2026, Mr. Wai Hong Lin notified the Company of his resignation as an independent director, effective August 31, 2026, due to personal reasons. Mr. Lin’s resignation was not a result of any disagreement with the Company’s operations, policies, or procedures. On the same date, the Board of Directors of the Company accepted and approved Mr. Lin’s resignation.

On August 17, 2026, the Board of Directors, Nominating Committee, and the Compensation Committee of the Company approved by resolutions and confirmed the appointment of Mr. Chun Kit Yu as a director of the Company, with an annual compensation of US$18,000, effective September 1, 2026, until his successor is duly elected and qualified, or until his earlier death, resignation or removal. The Board has determined Mr. Yu (i) is an “independent” director under applicable U.S. Securities and Exchange Commission and Nasdaq Marketplace Rules, and (ii) qualifies as an “audit committee financial expert” as defined under Item 407(d)(5) of Regulation S-K promulgated under the Securities Exchange Act of 1934, as amended, and possesses the requisite financial sophistication under Rule 5605(c)(2)(A) of the Nasdaq Stock Market LLC Listing Rules. Mr. Yu will be serving on the Board of Directors as a non-employee, independent director. Mr. Yu has also been named as the chairman of the Audit Committee and a member of the Compensation Committee and Nominating Committee of the Company.

The foregoing descriptions of our offer letter to Mr. Yu are qualified in their entirety by reference to the full text thereof, which is attached as Exhibit 10.1 hereto and incorporated by reference herein.

There are no family relationships between Mr. Yu and any other employees of the Company or members of the Board of Directors.

The biographical information of Mr. Yu is set forth below:

Chun Kit Yu, age 36

Mr. Chun Kit Yu has over 15 years of experience in finance and accounting. Since September 2018, Mr. Yu has served as the financial controller and company secretary of Boltek Holdings Limited (HKEX: 8601). Since February 2025, Mr. Yu has served as an independent director of Skyline Builders Group Holding Ltd (Nasdaq: SKBL). Since March 2024, Mr. Yu has served as an independent non-executive director of WK Group (Holdings) Limited (HKEX: 2535). Since April 2022, Mr. Yu has served as an independent non-executive director of Sinohope Technology Holdings Limited (HKEX: 1611). He previously served as an executive director and interim chief financial officer of SuperX AI Technology Limited (Nasdaq: SUPX) from August 2024 to May 2026. From July 2025 to July 2026, Mr. Yu served as an independent director of QMMM Holdings Limited (Nasdaq: QMMM). From May 2020 to June 2025, Mr. Yu served as the company secretary of Global Uin Intelligence Holdings Limited (HKEX: 8496). Mr. Yu has been a member of the Hong Kong Institute of Certified Public Accountants since 2015. Mr. Yu received his Bachelor of Business Administration (Honours) degree in accounting and finance from The Hong Kong Polytechnic University in 2011.

EXHIBIT INDEX

Exhibit No.		Description
10.1		Director Offer Letter to Mr. Chun Kit Yu, dated August 17, 2026

1

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.

Date: August 18, 2026	PTL Limited
	By:	/s/ Ying Ying Chow
	Name:	Ying Ying Chow
	Title:	Chief Executive Officer

2

Filing Exhibits & Attachments

1 document

Agreements & Contracts

• EX-10.1 DIRECTOR OFFER LETTER TO MR. CHUN KIT YU, DATED AUGUST 17, 2026 24.8 KB