Cacola Furniture’s Executive Director and Chief Executive Officer resigns

Financial Controller Chan Sui Wa joins CEO Lu Lingjia in rendering their resignation.

Following the completion of the Sale and Purchase transaction between Mr Chau Yeung Chau @ Zhou Dagui, Chow Tat Ming Henry and Leung Chung on the shareholding of Rainbow Champion Limited (being the substantial shareholder of the Company). Mr Lu Lingjia resigned as a Executive Director and Chief Executive Officer of the Company.

Mr Lu, 40, is responsible for the development of the overall corporate strategies as well as manufacturing and sales operations of our Group, according to a Cacola Furniture report

Meanwhile Mr Chan Sui Wa also resigned as the Financial Controller of the Company.

Mr Chan, 37, is monitoring the accounting and finance functions of the Group, such as preparation of result announcements, review of monthly management accounts and to assist directors and company secretary on corporate governance, board matters and continuing compliance with listing rules.