Core Viewpoint - TMD Energy Limited announced changes to its board of directors, including the resignation of an independent director and the appointment of a new independent director [1][2][3]. Board Changes - Mr. Shin Yick Fabian resigned as an independent director on February 16, 2026, and ceased to serve as chairman of the nominating and corporate governance committee, as well as a member of the audit and compensation committees [2]. - The resignation was due to personal reasons and not related to any disagreements with the company [2]. - Mr. Kwok On Tse was appointed as an independent director on February 16, 2026, to fill the vacancy left by Mr. Shin [3]. New Director Profile - Mr. Tse has over 20 years of experience in investment banking and capital markets, currently serving as deputy CEO of SBI China Capital Financial Services Limited since March 2023 [3][4]. - His previous roles include head of global capital markets at Eddid Securities and managing director at Southwest Securities [3][4]. - Mr. Tse holds licenses from the Hong Kong Securities and Futures Commission and has an MBA from The University of Northern Virginia [5]. Independence and Compliance - The company confirmed that Mr. Tse meets the independence requirements of NYSE American LLC and the Securities Exchange Act of 1934 [6]. - There are no family relationships between Mr. Tse and any company directors or executive officers, and he was not selected based on any arrangements with others [6]. Company Overview - TMD Energy Limited, along with its subsidiaries, specializes in marine fuel bunkering services, including the supply and marketing of various types of marine fuel oils [7]. - The company operates in 19 ports across Malaysia with a fleet of 15 bunkering vessels [7].
TMD Energy Limited Announces Changes to Its Board of Directors