Recent Updates — QMMM

The Board of Directors approved the appointment of Ms. Hui-ling Chen as an independent director effective October 28, 2026. She serves on the board as a non-employee with an annual compensation of US$18,000. The company determined she qualifies as an audit committee financial expert under SEC regulations and Nasdaq listing rules. Ms. Chen will act as chairman of the compensation committee and serve on the audit committee and corporate governance and nominating committee. She currently works as the Advertising and Marketing Chief Director at Dream Crew Limited. QMMM Holdings Ltd operates in the holding company sector.

CEO Bun Kwai resigned effective October 1, 2026, while independent director Kwok Wai Lui stepped down on September 30. Both cited personal reasons with no board disputes. The company is searching for replacements to fill the vacancies created by these departures.