Abundance International Limited (SG:541) has released an update.
Abundance International Limited has clarified the departure of its chairman, Mr. Shi Jiangang, emphasizing that it was a planned transition to comply with corporate governance codes, not an abrupt event. Mr. Shi will continue to influence the company as its largest shareholder and serve as a consultant, ensuring strategic growth plans and daily operations proceed without disruption. The company also confirmed a smooth transition with minimal disruptions, as Mr. Shi’s service agreement included a notice period which has been mutually waived for his new consulting role.
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