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An update from Town Ray Holdings Limited ( (HK:1692) ) is now available.
Town Ray Holdings has proposed the appointment of three long-serving senior managers as executive directors, subject to shareholder approval at its 27 May 2026 annual general meeting. Research and development director Lee Pak Man, accounting director Tung Ming Yiu, and another internal candidate, Luk Hok Keung, are slated to join the board upon conclusion of the meeting.
Lee, with more than 34 years of product engineering and development experience, currently oversees R&D, production engineering and quality technical support, while also serving as legal representative of key Mainland China subsidiaries. Tung brings over two decades of accounting and finance experience, having risen through the finance ranks of the group to become accounting director, and their elevation to the board signals a consolidation of operational and financial expertise at the top level that may strengthen governance continuity and execution of the company’s strategy.
More about Town Ray Holdings Limited
Town Ray Holdings Limited is a Hong Kong-listed company engaged through its subsidiaries in the design, development and production of electrical appliances, supported by dedicated research and development, production engineering and quality technical functions. The group also operates related entities in Mainland China, including Town Ray Electrical (Huizhou) Limited and Shanghai Changxizan e-Shopping Limited, reflecting a manufacturing and e-commerce footprint in the region.
Average Trading Volume: 104,937
Technical Sentiment Signal: Sell
Current Market Cap: HK$592.3M
For detailed information about 1692 stock, go to TipRanks’ Stock Analysis page.