Cordlife Group directors waive fees for FY2024 amidst shareholder inquiries

The move comes after shareholder inquiries ahead of an extraordinary general meeting.

The remaining directors of Cordlife Group have pledged to forgo their directors' fees for the financial year ending 31 December 2024, according to its bourse filing.

The move comes after shareholder inquiries ahead of an extraordinary general meeting scheduled for 14 November.

Chen Xiaoling, who was re-designated as group executive director on 17 July, will be remunerated under her service agreement terms, with no separate directors’ fees whilst in the role.

Directors Yiu Ming Yiu and Chow Wai Leong will revisit their fees next year, considering factors such as their time commitment, responsibilities, and the company's financial health. Any director fees will be subject to shareholder approval.