QMMM adds independent director and audit chair
QMMM Holdings Ltd. has appointed Ms. Yung-Shan Hsiao as a non-employee, independent director, effective May 7, 2026, with annual compensation of US$18,000.
Rhea-AI Filing Summary
QMMM Holdings Ltd. has appointed Ms. Yung-Shan Hsiao as a non-employee, independent director, effective May 7, 2026, with annual compensation of US$18,000. She will serve until a successor is elected and qualified or earlier departure.
The Board determined that Ms. Hsiao is an independent director under U.S. SEC and Nasdaq rules and qualifies as an audit committee financial expert with the required financial sophistication. She will chair the audit committee and sit on the compensation and corporate governance and nominating committees.
Ms. Hsiao, age 30, brings over 10 years of finance and accounting experience across financial advisory, real estate and private equity roles. The company notes there are no family relationships between her and any employees or directors, and her director offer letter is filed as Exhibit 10.1.
Positive
- None.
Negative
- None.
Key Figures
Director annual compensation: US$18,000
Director age: 30
Experience in finance and accounting: Over 10 years
+4 more
7 metrics
Director annual compensation
US$18,000
Annual compensation for Ms. Hsiao as director
Director age
30
Age of Ms. Yung-Shan Hsiao
Experience in finance and accounting
Over 10 years
Professional experience of Ms. Hsiao
Tenure as financial controller
Since December 2023
Role at Tight Core Limited
Finance manager period
April 2021 to September 2023
Role at GCC Holdings Limited
Accounting assistant manager period
May 2016 to February 2021
Role at Pauno Financial Advisory Company Limited
Appointment effective date
May 7, 2026
Effective date of board resolutions appointing Ms. Hsiao
Key Terms
independent director, audit committee financial expert, Nasdaq Marketplace Rules, Regulation S-K, +1 more
5 terms
independent director financial
"The Board has determined Ms. Hsiao (i) is an “independent” director under applicable U.S. Securities and Exchange Commission and Nasdaq Marketplace Rules"
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 financial
"qualifies as an “audit committee financial expert” as defined under Item 407(d)(5) of Regulation S-K"
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.
Nasdaq Marketplace Rules financial
"is an “independent” director under applicable U.S. Securities and Exchange Commission and Nasdaq Marketplace Rules"
A set of standards and procedures that govern how stocks and other securities are listed, traded and monitored on the Nasdaq exchange; think of it as the marketplace rulebook that sets eligibility, disclosure, trading conduct and enforcement practices. Investors care because these rules affect whether a company can be listed or removed, how transparently it must report information, and how fairly trades are executed — all of which influence risk and the ability to buy or sell shares.
Regulation S-K financial
"audit committee financial expert” as defined under Item 407(d)(5) of Regulation S-K promulgated under the Securities Exchange Act of 1934"
A set of U.S. Securities and Exchange Commission rules that tell public companies which narrative and qualitative details must be disclosed in filings, such as risk factors, management discussion, executive pay, legal proceedings and business description. Think of it as a standardized checklist or blueprint that ensures investors get the same types of background information from every company so they can compare risks, management quality and strategy before making investment decisions.
corporate governance and nominating committee financial
"a member of the compensation committee and corporate governance and nominating committee of the Company"
A corporate governance and nominating committee is a group of independent board members who set rules for how a company is run and choose or vet candidates for the board and senior leadership. Think of them as the company’s rulebook authors and hiring panel for its top oversight team; their choices and policies influence management accountability, risk oversight and investor confidence, so investors watch them for signs of strong leadership and transparency.
FAQ
What change did QMMM (QMMM) announce regarding its board of directors?
QMMM appointed Ms. Yung-Shan Hsiao as a new non-employee, independent director effective May 7, 2026. She will receive annual compensation of US$18,000 and serve until a successor is elected or she departs earlier, strengthening the board’s financial oversight capabilities.
What board committees will Ms. Yung-Shan Hsiao serve on at QMMM (QMMM)?
Ms. Hsiao has been named chairman of QMMM’s audit committee and a member of the compensation committee and the corporate governance and nominating committee. These roles give her direct responsibility over financial reporting oversight, executive pay and broader board governance matters within the company.
How does QMMM (QMMM) describe Ms. Hsiao’s independence and qualifications?
The board determined Ms. Hsiao is an independent director under U.S. SEC and Nasdaq Marketplace Rules. She also qualifies as an “audit committee financial expert” under Regulation S-K and meets Nasdaq’s financial sophistication standard, indicating substantial experience in accounting, financial reporting and oversight.
What is Ms. Yung-Shan Hsiao’s professional background before joining QMMM (QMMM)?
Ms. Hsiao has over 10 years of finance and accounting experience. She has served as financial controller at Tight Core Limited, finance manager at GCC Holdings Limited, and accounting assistant manager at Pauno Financial Advisory Company Limited, covering reporting, budgeting, due diligence and regulatory work.
Are there any family relationships between Ms. Hsiao and QMMM (QMMM) insiders?
QMMM states there are no family relationships between Ms. Hsiao and any company employees or members of the board of directors. This disclosure supports her status as an independent director, helping ensure objective oversight of management and the company’s financial and governance practices.
AI-generated analysis. How Rhea-AI works. Not financial advice.
