Top Wealth Group taps Yuen Cheong Carp Lee as CEO

Top Wealth Group Holding Ltd (TWG) reports a leadership reorganization.

Rhea-AI Filing Summary

Top Wealth Group Holding Ltd (TWG) reports a leadership reorganization. Effective August 18, 2026, Mr. Kim Kwan Kings, Wong resigned as Chief Executive Officer and was redesignated as a non-executive director, while continuing to serve as Chairman of the Board. Mr. Wong indicated his resignation as CEO is not due to any disagreement regarding the company’s operations, policies, or practices.

On the same date, the Board appointed Mr. Yuen Cheong Carp, Lee as Chief Executive Officer and Deputy Chairman of the Board, filling the vacancy created by Mr. Wong’s change in role. Mr. Lee has been an executive director since February 23, 2026 and previously served as an independent director and committee member. The company and Mr. Lee entered into an employment agreement consistent with existing executive compensation practices. The company states Mr. Lee has no family relationships with executives or directors and no related-party transactions over the past two years.

Positive

• None.

Negative

• Change in top leadership as the Chief Executive Officer resigns and is redesignated as a non-executive director, introducing potential uncertainty around strategic continuity despite his continuing role as Chairman.

Key Figures

Effective date of CEO change: August 18, 2026 Commission File Number: 001-42014 Exhibit number for CEO employment agreement: 10.1

3 metrics

Effective date of CEO change August 18, 2026 Date Mr. Wong resigned as CEO and Mr. Lee was appointed CEO and Deputy Chairman

Commission File Number 001-42014 SEC file number for Top Wealth Group Holding Ltd as a foreign private issuer

Exhibit number for CEO employment agreement 10.1 Form of Chief Executive Officer, Deputy Chairman and Director Employment Agreement attached to the report

Key Terms

non-executive director, independent director, Compensation Committee, employment agreement

4 terms

non-executive director regulatory

"resigned as Chief Executive Officer ... and is redesignated as a non-executive director"

A non-executive director is a member of a company’s board who does not work for the company day-to-day but provides independent oversight, strategic guidance and checks on management. For investors, they matter because they act like an impartial referee or outside advisor, helping ensure decisions protect shareholder interests, reduce risks of poor governance, and add credibility to financial reporting and long-term strategy.

independent director regulatory

"having previously served as an independent director, chairman of the Compensation Committee"

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.

Compensation Committee regulatory

"served as an independent director, chairman of the Compensation Committee, and a member"

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.

employment agreement financial

"entered into an employment agreement, which sets forth the terms of Mr. Lee’s employment"

FAQ

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

What leadership change did Top Wealth Group Holding Ltd (TWG) announce?

Top Wealth Group Holding Ltd announced that Mr. Kim Kwan Kings, Wong resigned as Chief Executive Officer on August 18, 2026. He remains Chairman of the Board and becomes a non-executive director, while a new CEO has been appointed.

Who is the new CEO of Top Wealth Group Holding Ltd (TWG)?

The Board appointed Mr. Yuen Cheong Carp, Lee as Chief Executive Officer and Deputy Chairman effective August 18, 2026. Mr. Lee had been an executive director since February 23, 2026 and previously served as an independent director and committee member.

Why did Mr. Wong resign as CEO of TWG?

Mr. Wong stated that his resignation as Chief Executive Officer is not due to any disagreement with the company on operations, policies, or practices. He continues serving as Chairman of the Board and as a non-executive director of the company.

What is Mr. Lee’s relationship with other executives or directors at TWG?

The company states that Mr. Lee has no family relationships with any executive officers or directors. It also states there have been no related-party transactions involving Mr. Lee in the past two years where he had a material interest.

Does TWG have an employment agreement with the new CEO Mr. Lee?

Yes. TWG and Mr. Lee entered into an employment agreement covering his roles as Chief Executive Officer, Deputy Chairman, and executive director. The agreement follows the company’s standard compensation practices for executive officers, according to the disclosure.

What exhibit is included with TWG’s August 2026 Form 6-K?

The filing includes Exhibit 10.1, described as the Form of Chief Executive Officer, Deputy Chairman and Director Employment Agreement. This exhibit relates to the employment terms for the newly appointed CEO and Deputy Chairman, Mr. Lee.

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

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Accepted by SEC EDGAR 08/18/2026 - 04:01 PM EDT 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: 001-42014

TOP WEALTH GROUP HOLDING LIMITED

(Translation of registrant’s name into English)

Units 714 & 715

7F, Hong Kong Plaza

Connaught Road West

Hong Kong

Tel: +852 36158567

(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 ☐

Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Kim Kwan Kings, WONG

Effective on August 18, 2026, Mr. Kim Kwan Kings, WONG (“Mr. Wong”) resigned as Chief Executive Officer of Top Wealth Group Holding Limited (the “Company”) and is redesignated as a non-executive director of the Company. Mr. Wong has indicated that his resignation from the position of Chief Executive Officer is not due to any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. Mr. Wong will continue to serve as the Chairman of the Board of Directors (the “Board”) and as a non-executive director of the Company.

Yuen Cheong Carp, LEE

Effective on August 18, 2026, the Board approved the appointment of Mr. Yuen Cheong Carp, LEE (“Mr. Lee”) as Chief Executive Officer and Deputy Chairman of the Board, to fill the vacancy of Mr. Wong as a result of Mr. Wong’s resignation from his position as Chief Executive Officer.

Mr. Lee has served as an executive director of the Company since February 23, 2026, having previously served as an independent director, chairman of the Compensation Committee, and a member of the Audit Committee and the Nominating Committee of the Company from December 31, 2025 to February 23, 2026.

In connection with his appointment, the Company and Mr. Lee entered into an employment agreement, which sets forth the terms of Mr. Lee’s employment as Chief Executive Officer, Deputy Chairman of the Board and an executive director of the Company on terms consistent with the Company’s compensation practices for executive officers.

Mr. Lee has no family relationships with any of the executive officers or directors of the Company. There have been no transactions in the past two years to which the Company or any of its subsidiaries was or is to be a party, in which Mr. Lee had, or will have, a direct or indirect material interest.

1

EXHIBIT INDEX

Exhibit No.		Description
10.1		Form of Chief Executive Officer, Deputy Chairman and Director Employment Agreement

2

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	Top Wealth Group Holding Limited
	By:	/s/ Kim Kwan Kings, WONG
	Name:	Kim Kwan Kings, WONG
	Title:	Chairman and Director

3

Filing Exhibits & Attachments

1 document

Agreements & Contracts

• EX-10.1 FORM OF CHIEF EXECUTIVE OFFICER, DEPUTY CHAIRMAN AND DIRECTOR EMPLOYMENT AGREEME 67.4 KB