Summary by Moomoo AI
WeBuy Global Ltd. has officially appointed Ms. Fangqin Lin as an independent director and chair of the compensation committee, effective February 1, 2024. This follows the Board of Directors' decision on December 14, 2023, to terminate Ms. Lixia Tu's appointment. Ms. Lin brings over two decades of financial experience to the role, having held significant positions at Citibank Singapore and Hongcheng Trading Co. She has no family ties with any current director or executive officer of the company and has not been involved in any transactions with WeBuy Global that would necessitate disclosure under Regulation S-K. Ms. Lin's compensation for her new role has been set at S$30,000 annually.