Television company

TVB sees the departure of a senior executive as Kitty Fung leaves the company

Kitty Fung Kit Yi, chief financial officer and corporate secretary of Hong Kong media broadcaster TVB, has resigned for personal reasons, effective July 4, 2022.TVB’s board said in a statement that Fung had resigned as chief financial officer and company secretary effective July 4, 2022. Fung also ceased to be a member of the board’s investment committee. Directors and Authorized Representative of the Company under Rule 3.05 of the “Rules Governing the Listing of Securities” on the Hong Kong Stock Exchange.

Fung decided to leave the company after about 6 months. According to the public announcement, Fung is leaving for personal reasons and has confirmed to the company that she does not disagree with the board and is not aware of any matters relating to her resignation which must be brought to the attention of the shareholders of the company. The Board also announced that Ian Lee Hock Lye has been appointed as Acting Chief Financial Officer and Desmond Chan Shu Hung has been appointed as Acting Corporate Secretary and Authorized Representative effective July 4, 2022 until a Fung’s permanent replacement is recruited. The board thanked Fung for his contributions to the company during his service and welcomed Lee and Chan to their new appointments.

Lee, who joined TVB in December 2021 as head of corporate development, has held various senior positions at Goldman Sachs, where he was executive director of investment banking; and at PSA International, where he served as chief financial officer for the North East Asia region, then as group strategy director.

Chan, currently Deputy Managing Director (Legal and International Operations), joined TVB as General Counsel in 2010 and was appointed to the current position in July 2016. Prior to joining TVB, he worked at Asia Television Limited and i- Cable Communications. Chan is also a Hong Kong SAR lawyer (not currently in private practice).

In addition, the Board of Directors announced that Lee has also been appointed as a member of the Investment Committee effective July 4, 2022. The Investment Committee is comprised of three members, namely Anthony Lee Hsien Pin as Chairman , Thomas Hui To and Lee Hock Lye.

Earlier in May, TVB reported an abnormal incident to the Hong Kong police after detecting a series of abnormal push notifications on May 3.

In a statement, TVB said a total of 23 consecutive push notifications involving anomalous content were sent through the TVB NEWS mobile app in 21 minutes after midnight. The spokesperson said, “TVB also conducted multi-faceted investigations and immediately stepped up system monitoring to prevent the recurrence of similar incidents. Officers from the Cybersecurity and Technological Crime Bureau collected evidence at the affected offices in TVB City today afternoon. will cooperate fully with the police in further and thorough investigations.”

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