New independent directors join Wellchange (NASDAQ: WCT) board
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
Wellchange Holdings Company Limited reported changes to its board of directors. On February 25, 2026, the board appointed Mr. Jun Liu and Ms. Yiyun Wang as independent directors. Mr. Liu joined the audit, compensation and nomination committees, while Ms. Wang became chair of the compensation committee and a member of the nominating and audit committees.
Both new directors were determined to be independent under Nasdaq rules and each entered into a director offer letter providing annual compensation of US$20,000. On February 26, 2026, existing independent directors Mr. Lau Yun Chau and Mr. Chu Chi Hong resigned, effective upon delivery of their written notices.
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FAQ
What board changes did Wellchange (WCT) report in its March 2026 Form 6-K?
Wellchange reported adding two new independent directors and receiving two resignations. Jun Liu and Yiyun Wang joined the board, while independent directors Lau Yun Chau and Chu Chi Hong resigned, effective upon their written notices delivered on February 26, 2026.
Who is Jun Liu, the new independent director at Wellchange (WCT)?
Jun Liu is a senior financial management executive with over 20 years of experience. He has held leadership roles in fund and investment management firms and holds accounting and financial management degrees from Xiamen University and Hunan University of Commerce, respectively.
What role will Yiyun Wang play on the Wellchange (WCT) board?
Yiyun Wang will serve as an independent director and chair the compensation committee. She will also sit on the nominating and audit committees, bringing legal, compliance and financial risk management experience from prior roles in fund management and corporate legal practice.
How much are Wellchange (WCT) independent directors Jun Liu and Yiyun Wang paid?
Each of the new independent directors will receive annual compensation of US$20,000. Their director offer letters state they will serve until a successor is duly elected and qualified, subject to annual re-appointment by the board of directors.
Which independent directors resigned from the Wellchange (WCT) board in February 2026?
Independent directors Lau Yun Chau and Chu Chi Hong resigned from the Wellchange board. They notified the company on February 26, 2026, and their resignations became effective upon delivery of their written notices to the board of directors on that date.
Are the new Wellchange (WCT) directors considered independent under Nasdaq rules?
The board determined that both Jun Liu and Yiyun Wang are independent. This determination was made pursuant to the definition of independence under Rule 5605(a)(2) of the Nasdaq Listing Rules, following an evaluation of their relationships with Wellchange Holdings Company Limited.