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Dreamland Limited (TDIC) appoints new CFO after Leung resigns as CFO

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Dreamland Limited reports a planned change in its finance leadership. Chief Financial Officer Leung Tak Shun resigned for personal reasons effective August 23, 2025, and the company states the departure did not involve any disagreement over operations, policies or procedures.

The Nomination Committee proposed Lee Wai Kit as the new Chief Financial Officer on August 15, 2025, and the Board approved this appointment on August 23, 2025. Mr. Lee has over 12 years of auditing and accounting experience, including roles at a mid-tier CPA firm, KPMG Hong Kong as Audit Manager, and Grandlink CPA Limited as Associate Director, working with companies listed in Hong Kong and the United States.

Under his employment agreement dated August 15, 2025, Mr. Lee will receive an annual base salary of HK$600,000 for an initial one-year term that automatically renews for additional one-year periods, with either party able to terminate employment on 30 days’ notice. The company notes that Mr. Lee has no family relationships with directors or executive officers and no related party transactions requiring disclosure.

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Insights

Orderly CFO transition with experienced successor, neutral near-term impact.

Dreamland Limited discloses a scheduled change in its finance leadership, with CFO Leung Tak Shun resigning for personal reasons effective August 23, 2025. The company explicitly states there was no disagreement over operations, policies, or procedures, which points to a non‑contentious departure.

The Board approved the Nomination Committee’s choice of Lee Wai Kit as the new CFO on the same effective date, limiting any gap in financial leadership. Mr. Lee’s background includes more than 12 years in audit and accounting, time at KPMG Hong Kong as an Audit Manager, and experience leading IPO engagements and audits of Hong Kong and U.S. listed companies, which is directly relevant to SEC and Hong Kong reporting.

His employment terms—annual base salary of HK$600,000, an initial one‑year renewable term, and mutual 30‑day termination notice—are straightforward and suggest flexibility for both sides. Future disclosures in periodic reports can provide more insight into how his leadership shapes financial reporting quality and capital‑markets interactions over time.

 

 

 

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 2025

 

Commission File Number: 001-42762

 

Dreamland Limited

 

Office No. 5, 17/F., Peakcastle, No. 476 Castle Peak Road, Cheung Sha Wan, Kowloon, Hong Kong

(Address of principal executive offices)

 

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 ☐

 

 

 

 

 

 

Chief Financial Officer Replacement

 

On July 23, 2025, Mr. Leung Tak Shun resigned as Chief Financial Officer of the Company due to personal reasons, effective August 23, 2025. Mr. Leung Tak Shun’s resignation was not a result of any disagreement with the Company’s operations, policies or procedures.

 

The Company’s Nomination Committee nominated Mr. Lee Wai Kit (“Mr. Lee”) to serve as Chief Financial Officer of the Company on August 15, 2025 and the Company’s Board approved such nomination on August 23, 2025.

 

Mr. Lee has over 12 years of comprehensive experience in auditing and accounting services. He possesses in-depth knowledge of U.S. and Hong Kong Listing Rules, taxation regulations, and financial reporting standards. Mr. Lee began his career at a mid-tier CPA firm in 2013, where he developed a robust foundation in audit practices. From 2017 to 2023, he served at KPMG Hong Kong and subsequently advanced to the role of an Audit Manager. During his tenure, Mr. Lee led multiple IPO engagements and managed audits for a diverse portfolio of companies listed in both Hong Kong and the United States. Prior to joining the Company, Mr. Lee served as an Associate Director at Grandlink CPA Limited from 2023 to 2025, specializing in providing audit, accounting advisory, and financial due diligence services. Mr. Lee received his bachelor degree in Business Administration (Honours) in Accountancy from the City University of Hong Kong in 2013. Mr. Lee is a certified public accountant of the Hong Kong Institute of Certified Public Accounts.

 

In accordance with the terms of Mr. Lee Wai Kit’s employment agreement with the Company entered into on August 15, 2025, Mr. Lee will receive an annual base salary at a rate of HK$600,000. The employment agreement has an initial term of one year and automatically renews for successive one-year periods, subject to the termination provisions in the employment agreement. The Company can terminate Mr. Lee Wai Kit’s employment at any time upon thirty days’ prior notice. Mr. Lee may terminate his employment with the Company at any time upon thirty days’ prior notice.

 

There are no family relationships between Mr. Lee and any director or executive officer of the Company. There are no related party transactions between the Company and Mr. Lee disclosable under Item 404 of Regulation S-K.

 

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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.

 

  Dreamland Limited
     
Date: August 27, 2025 By: /s/ Seto Wai Yue
  Name: Seto Wai Yue
  Title: Director and Chief Executive Officer

 

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FAQ

Why did Dreamland Limited (TDIC) change its Chief Financial Officer?

Dreamland Limited’s previous Chief Financial Officer, Leung Tak Shun, resigned effective August 23, 2025 for personal reasons. The company states that his resignation was not due to any disagreement with its operations, policies, or procedures.

Who is the new Chief Financial Officer of Dreamland Limited (TDIC)?

The company appointed Lee Wai Kit as its new Chief Financial Officer. He was nominated by the Nomination Committee on August 15, 2025, and his appointment was approved by the Board on August 23, 2025.

What is the professional background of Dreamland Limited’s new CFO, Lee Wai Kit?

Mr. Lee has over 12 years of experience in auditing and accounting. He started at a mid-tier CPA firm in 2013, worked at KPMG Hong Kong from 2017 to 2023 (rising to Audit Manager), and later served as an Associate Director at Grandlink CPA Limited, leading IPO engagements and audits for companies listed in Hong Kong and the United States.

What are the employment terms and salary for Dreamland Limited’s new CFO?

Under an employment agreement dated August 15, 2025, Lee Wai Kit will receive an annual base salary of HK$600,000. The agreement has an initial one‑year term and automatically renews for successive one‑year periods, with either the company or Mr. Lee able to terminate the employment on 30 days’ prior notice.

Does Dreamland Limited report any conflicts of interest related to CFO Lee Wai Kit?

The company states there are no family relationships between Mr. Lee and any director or executive officer, and no related party transactions with him that are disclosable under Item 404 of Regulation S‑K.

When did the CFO resignation and appointment at Dreamland Limited take effect?

The resignation of Leung Tak Shun and the Board’s approval of Lee Wai Kit as Chief Financial Officer were effective on August 23, 2025, following Mr. Lee’s nomination on August 15, 2025.
Dreamland Limited

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