Pou Sheng International, Ltd. said Lee Shao-Wu has resigned from the company, including as chairman and executive director. Yu Huan-Chang, its current CFO, replaced him.

Pou Sheng said Lee resigned for personal reasons to spend more time with his family. Lee confirmed that he has no disagreement with the Board and that no matter concerning his resignation needs to be brought to the attention of company shareholders.

Yu has been an executive director since April 2020. He is also the CFO and a director of certain subsidiaries of Yue Yuen Industrial (Holdings) Ltd.