People News

Chun Hong Chow has resigned from his roles as chief financial officer and company secretary of Hong Kong-listed lottery supplier China Vanguard Group (CVG), citing personal commitments.

Chow joined CVG as group regional chief financial officer in June 2014 following the departure of his predecessor Lo Kam Fan.

Prior to joining the company he worked for the IT operating business of Asian conglomerate Jardine Matheson Group for sixteen years. 

In a statement released by CVG, Chow confirmed that he has “no disagreement with the board and there is not any matter that needs to be brought to the attention of the shareholders or the stock exchange in respect of his resignation.”

The board of directors thanked Chow for his “valuable contributions and services to the company during his tenure of office” and has identified a suitable candidate to fill in the vacancies, with a further announcement to be made in due course.

Chow's duties as authorised representative of the company under Rule 5.24 of the Rules Governing the Listing of Securities on the Hong Kong Stock Exchange have been assumed by Ms. Cheung Kwai Lan, who was appointed Wednesday.

Shares in China Vanguard Group (Co. Data) (HKEX:8156) were trading up 2.73 per cent at HK$0.226 per share in Hong Kong Thursday.