Smart Digital Group (SDM) installs new CEO and chairman after May 2026 exits

Rhea-AI Filing Summary

Smart Digital Group Limited reported leadership changes following the resignations of its Chief Executive Officer and Chairman of the Board in May 2026. On May 8, 2026, CEO Yunting Chen resigned for personal reasons, stating there was no disagreement with the company’s operations, policies, or practices. On May 9, 2026, Chairman and Director Sam Wai Hong also resigned, likewise citing personal reasons with no disagreements.

To fill these vacancies, the board’s nominating and corporate governance committee recommended, and the Board appointed, Yiwei Wang as Chief Executive Officer effective May 8, 2026, and Lin Kon Fatt as Chairman and Director effective May 9, 2026. The company highlights their prior executive and industry experience and notes there are no family relationships, understandings, or arrangements with other persons tied to their appointments.

Insights

Corporate governance analyst

Smart Digital Group replaces both its CEO and chairman but emphasizes orderly, non‑contentious transitions.

The company reports same‑month resignations of its CEO and board chairman, each citing personal reasons and explicitly indicating no disagreements with operations, policies, or practices. This framing suggests routine leadership turnover rather than a disclosed governance dispute.

Board processes appear active, with the nominating and corporate governance committee recommending successors promptly. New CEO Yiwei Wang and chairman Lin Kon Fatt bring relevant executive and sector backgrounds. Future disclosures in periodic reports may clarify how their strategic priorities influence operations and board dynamics over time.

Key Figures

CEO resignation date: May 8, 2026 Chairman resignation date: May 9, 2026 CEO appointment date: May 8, 2026 +5 more

8 metrics

CEO resignation date May 8, 2026 Effective date of Yunting Chen’s resignation as CEO

Chairman resignation date May 9, 2026 Effective date of Sam Wai Hong’s resignation as chairman and director

CEO appointment date May 8, 2026 Effective date of Yiwei Wang’s appointment as CEO

Chairman appointment date May 9, 2026 Effective date of Lin Kon Fatt’s appointment as chairman and director

Age of new CEO 47 years Age of Yiwei Wang

Age of new chairman 36 years Age of Lin Kon Fatt

Bachelor’s degree year (CEO) 2002 Year Yiwei Wang obtained bachelor’s degree from National Taiwan University

Master’s degree year (chairman) 2013 Year Lin Kon Fatt obtained master’s degree from Asia Pacific University

Key Terms

Chief Executive Officer, Chairman of the Board of Directors, nominating and corporate governance committee, foreign private issuer, +1 more

5 terms

Chief Executive Officer financial

"his resignation as the Chief Executive Officer of the Company"

A chief executive officer (CEO) is the top leader of a company, responsible for making major decisions, setting goals, and guiding the organization’s overall direction. Think of the CEO as the captain of a ship, steering it toward success. Investors pay close attention to the CEO because their leadership and strategy can significantly influence the company's performance and future growth.

Chairman of the Board of Directors financial

"his resignation as the Chairman of the Board of Directors (the “Board”)"

nominating and corporate governance committee financial

"the nominating and corporate governance committee of the Board recommended"

A nominating and corporate governance committee is a group within a company's board of directors responsible for selecting and recommending individuals to serve as company leaders, such as directors or executives. They also develop and oversee policies to ensure the company is run fairly, ethically, and transparently. This committee matters to investors because it helps ensure the company is well-managed and guided by qualified, responsible leadership.

foreign private issuer regulatory

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

A foreign private issuer is a company organized outside the United States that meets tests showing it is primarily foreign-controlled and therefore qualifies for a different set of U.S. reporting rules. For investors, that means the company files less frequent or differently formatted disclosures with U.S. regulators and may follow home-country accounting and governance practices, so buying its stock is like dining at a well-reviewed restaurant that follows its home kitchen’s rules instead of the local menu — you get access but should check what standards apply.

Form 20-F regulatory

"whether the registrant files or will file annual reports under cover of Form 20-F"

Form 20-F is the standardized annual disclosure that non-U.S. companies must file with the U.S. securities regulator when their shares are traded in the U.S.; it contains audited financial statements, a plain-language description of the business, management discussion, governance details and key risk factors. It matters to investors because it provides a consistent, comparable company “report card” and rulebook, helping buyers assess financial health, governance and risks before investing.

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

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 May 2026

Commission File Number: 001-42625

Smart Digital Group Limited

No. 2615, Xingsheng 1st Road

Hengqin New District, Zhuhai City

Guangdong Province, China

(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 ☐

Resignations of Mr. Sam Wai Hong and Mr. Yunting Chen

On May 8, 2026, Mr. Yunting Chen notified Smart Digital Group Limited (the “Company”) of his resignation as the Chief Executive Officer of the Company, effective as of May 8, 2026. Mr. Yunting Chen has stated that his resignation was due to personal reasons and not due to any disagreement with the Company regarding its operations, policies, or practices.  

On May 9, 2026, Mr. Sam Wai Hong notified the Company of his resignation as the Chairman of the Board of Directors (the “Board”) and a Director of the Company, effective as of May 9, 2026. Mr. Sam Wai Hong has stated that his resignation was due to personal reasons and not due to any disagreement with the Company regarding its operations, policies, or practices.  

Appointment of Mr. Lin Kon Fatt and Mr. Yiwei Wang

To fill the vacancy created by the resignation of Mr. Yunting Chen, on May 8, 2026, the nominating and corporate governance committee of the Board recommended, and the Board appointed, Mr. Yiwei Wang to serve as the Chief Executive Officer of the Company, effective May 8, 2026. Mr. Yiwei Wang, age 47, has served as a vice president at Zhixian Xihan Communication Group Co., Ltd. since 2024. He served as a marketing project manager at Yuanqi Linked Media Co., Ltd. from 2021 to 2023. He studied computer science and technology at the National Taiwan University and obtained a bachelor’s degree in 2002.

To fill the vacancy created by the resignation of Mr. Sam Wai Hong, on May 9, 2026, the nominating and corporate governance committee of the Board recommended, and the Board appointed, Mr. Lin Kon Fatt to serve as the Chairman of the Board and a Director of the Company, effective May 9, 2026. Mr. Lin Kon Fatt, age 36, served as the chairman of Star River Bound Digital Group Co., Ltd. since 2018. He studied digital marketing technology at Sunway University and obtained a bachelor’s degree in 2010. He then studied network engineering at Asia Pacific University and obtained a master’s degree in 2013.

There are no family relationships between Mr. Lin Kon Fatt or Mr. Yiwei Wang and any director or executive officer of the Company. To the best knowledge of the Company, there is no understanding or arrangement between Mr. Lin Kon Fatt or Mr. Yiwei Wang and any other person pursuant to which each of them was appointed.

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.

	Smart Digital Group Limited
Date: May 13, 2026	By:	/s/ Yiwei Wang
	Name:	Yiwei Wang
	Title:	Chief Executive Officer
		(Principal Executive Officer)

2

FAQ

What leadership changes did Smart Digital Group Limited (SDM) announce in May 2026?

Smart Digital Group Limited reported the resignations of CEO Yunting Chen on May 8, 2026 and chairman/director Sam Wai Hong on May 9, 2026. The board simultaneously appointed Yiwei Wang as CEO and Lin Kon Fatt as chairman and director to fill the resulting vacancies.

Why did Smart Digital Group Limited’s CEO and chairman resign?

Both CEO Yunting Chen and chairman Sam Wai Hong stated their resignations were due to personal reasons. The company reports they each confirmed the decisions did not arise from any disagreement with Smart Digital Group’s operations, policies, or practices, signaling no disclosed internal dispute.

Who is the new CEO of Smart Digital Group Limited (SDM)?

The board appointed Yiwei Wang as Chief Executive Officer effective May 8, 2026. He previously served as a vice president at Zhixian Xihan Communication Group Co., Ltd. since 2024 and held a marketing project manager role at Yuanqi Linked Media Co., Ltd. from 2021 to 2023.

Who is the new chairman of Smart Digital Group Limited (SDM)?

The board appointed Lin Kon Fatt as Chairman and Director effective May 9, 2026. He has served as chairman of Star River Bound Digital Group Co., Ltd. since 2018 and holds degrees in digital marketing technology and network engineering from Sunway University and Asia Pacific University.

Did Smart Digital Group Limited report any relationships or arrangements behind the new appointments?

The company states there are no family relationships between Yiwei Wang or Lin Kon Fatt and any current director or executive officer. It also notes, to the best of its knowledge, no understanding or arrangement with any other person pursuant to which either of them was appointed.