Giordano shareholders vote to oust CEO

Around 66.07% voted in favour of his removal.

Peter Lau Kwok Kuen, the former chief executive and director of Giordano International Limited, was ousted from his positions following a special general meeting convened by the company's shareholders held on April 3.

The shareholders, through a poll, voted to remove Kuen, with approximately 66.07% in favour and 33.93% against.

“Dr Lau Kwok Kuen, Peter was removed from his position as a Director, as a result of which he also automatically ceased to be the Chairman of the Board, the Chairman of each of the Nomination Committee and the Management Committee as well as a member of the Remuneration Committee of the Company,” Giordano said in a filing.

The abrupt removal also disqualified Lau as the authorised representative of the company.

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The meeting also saw the appointment of Colin Melville Kennedy Currie as the new executive director, alongside the appointments of Sonia Cheng Chi-Man, Christopher Cheng Chi Leong, and Victor Huang as non-executive and independent non-executive directors, respectively.

As per the announcement made by the board of directors, the total number of issued shares at the time of the SGM stood at 1,614,070,518 shares. The scrutineer for the vote-taking at the SGM was Tricor Abacus Limited, the company's branch share registrar based in Hong Kong.