Macau casino operator Sands China Ltd announced after Hong Kong Stock Exchange market close on Wednesday the appointment of a new independent non-executive director and member of its audit committee, with effect from Thursday (October 16).
Kitty Chung Kit Yi is a former partner at professional services firm PricewaterhouseCoopers (PwC), and retired from there in July 2023. As per Sands China’s filing, in her role there, she provided professional services in relation to auditing, accounting, and risk assurance.
She will get US$270,000 per year as an independent non-executive director, but will not receive any director’s fee as a member of the Sands China audit committee.
Ms Chung will serve “with no specific term of appointment, but is subject to retirement by rotation and re-election at the annual general meeting at least once every three years in accordance with the articles of association of the company,” said Sands China.
Sands China added that – as of the date of the announcement – she did not have any interest or short position in the shares, underlying shares or debentures of the company or of its United States-based parent, Las Vegas Sands Corp.
According to the filing, she is currently an independent non-executive director of Hong Kong-listed HKBN Ltd, which controls Hong Kong Broadband Network Ltd, a leading provider in that city of home Internet broadband and Wi-Fi services.
She is also an independent non-executive director of Goodman Logistics (HK) Ltd.
Ms Chung has a bachelor degree in economics from Monash University in Melbourne, Victoria, in Australia.
She is a member of the Hong Kong Institute of Certified Public Accountants and of the professional body Chartered Accountants Australia & New Zealand.
