Wilmar(US:WLMIY) Zhong Guo Jin Rong Xin Xi Wang·2025-12-01 13:03Core Viewpoint - Wilmar International announced the resignation of its Chairman, Kuok Khoon Hong, from the Risk Management Committee and the Sustainability Committee, aiming to enhance the board's independent oversight mechanism amid significant legal challenges faced by the company [1]. Group 1: Corporate Governance - The company stated that the Risk Management Committee should be composed entirely of independent directors to strengthen objective supervision in risk matters [1]. - Former Singapore Foreign Minister, George Yeo, and independent director, Su Jin De, have been appointed to the aforementioned committees [1]. Group 2: Legal Challenges - Wilmar's subsidiary, Guangzhou Yihai, was recently convicted of contract fraud and ordered to compensate Anhui Huawen for losses amounting to 1.881 billion RMB [1]. - Wilmar International and its subsidiary, Yihai Kerry Golden Dragon Fish, have expressed their intention to appeal the judgment [1]. Group 3: Market Performance - As of December 1, Wilmar International's stock price closed at 3.23 Singapore dollars, reflecting a decrease of 0.31% [1].