Where is Grand Ocean-KY headquartered?

Grand Ocean-KY is headquartered in Taiwan. The exact address is not publicly disclosed.

Who left the board in this election?

Kuo Jen-Hao, Ting Chin-Hui, and Sheh Ching-Yi retired due to term expiration.

What are the backgrounds of the new independent directors?

Chen Wei-Hui is a CPA, and Lee Ya-Ping is a deputy GM in real estate development—both highly specialized.

Why is director shareholding important?

Shareholding indicates commitment, but zero shares may reflect a focus on independence and governance.

Will this board change affect the stock price?

As a routine election, major impact is unlikely, but it may be viewed positively for governance enhancement.

Grand Ocean-KY Announces Board Election and Change of Over One-Third of Directors

Published Jun 16, 2026 9:00 AM ・ Updated Jun 18, 2026 5:41 PM ・ 9 min read ・ Source: PR Times

Grand Ocean Retail Group Ltd. has announced the election of new directors and independent directors effective June 16, 2026, following the expiration of the previous board's term. The change involves over one-third of the board members, with several outgoing directors replaced by new appointees.

1. Date of Change: 2026/06/16

2. Category of Appointed or Changed Personnel (please enter: corporate director, corporate supervisor, independent director, individual director, or individual supervisor): Individual Director, Independent Director

3. Previous Personnel by Title and Name: (1) Grand Ocean Retail Group Ltd. Director: LEE ENG LEONG, Representative of First Steamship S.A. (2) Grand Ocean Retail Group Ltd. Director: KUO JEN-HAO (3) Grand Ocean Retail Group Ltd. Director: HUANG CHING-HAI, Representative of Yihang Co., Ltd. (4) Grand Ocean Retail Group Ltd. Director: LEE SENG CHAY (5) Grand Ocean Retail Group Ltd. Independent Director: TING CHIN-HUI (6) Grand Ocean Retail Group Ltd. Independent Director: SHEH CHING-YI (7) Grand Ocean Retail Group Ltd. Independent Director: LEE JHEN-YU

4. Previous Personnel Resumes: (1) Grand Ocean Retail Group Ltd. Director: LEE ENG LEONG, Representative of First Steamship S.A. / Chairman of Grand Ocean Retail Group Ltd. (2) Grand Ocean Retail Group Ltd. Director: KUO JEN-HAO / Director of Grand Ocean Retail Group Ltd. (3) Grand Ocean Retail Group Ltd. Director: HUANG CHING-HAI, Representative of Yihang Co., Ltd. / General Manager of Grand Ocean Retail Group Ltd. (4) Grand Ocean Retail Group Ltd. Director: LEE SENG CHAY / Chief Risk Officer of Grand Ocean Retail Group Ltd. (5) Grand Ocean Retail Group Ltd. Independent Director: TING CHIN-HUI / Managing Partner, Pan-Asia International CPA Firm (6) Grand Ocean Retail Group Ltd. Independent Director: SHEH CHING-YI / Chairman, Qingdao Mingyu Property Plaza Co., Ltd. (7) Grand Ocean Retail Group Ltd. Independent Director: LEE JHEN-YU / Assistant to President and Director of Development, Grand Ocean Department Store Group Co., Ltd.

5. New Appointees by Title and Name: (1) Grand Ocean Retail Group Ltd. Director: LEE ENG LEONG (2) Grand Ocean Retail Group Ltd. Director: HUANG CHING-HAI (3) Grand Ocean Retail Group Ltd. Independent Director: LEE JHEN-YU (4) Grand Ocean Retail Group Ltd. Independent Director: CHEN WEI-HUI (5) Grand Ocean Retail Group Ltd. Independent Director: LEE YA-PING

6. New Appointees Resumes: (1) Grand Ocean Retail Group Ltd. Director: LEE ENG LEONG / Chairman of Grand Ocean Retail Group Ltd. (2) Grand Ocean Retail Group Ltd. Director: HUANG CHING-HAI / General Manager of Grand Ocean Retail Group Ltd. (3) Grand Ocean Retail Group Ltd. Independent Director: LEE JHEN-YU / Assistant to President and Director of Development, Grand Ocean Department Store Group Co., Ltd. (4) Grand Ocean Retail Group Ltd. Independent Director: CHEN WEI-HUI / Practicing CPA, Herong United CPA Firm (5) Grand Ocean Retail Group Ltd. Independent Director: LEE YA-PING / Deputy General Manager, Business Development Department, Hung Kuo Construction Group

7. Nature of Change (please enter 'resignation', 'removal', 'end of term', 'death', or 'new appointment'): End of Term

8. Reason for Change: Board election for the year 2026

9. Number of Shares Held by New Appointees at Time of Election: (1) Grand Ocean Retail Group Ltd. Director: LEE ENG LEONG – 0 shares (2) Grand Ocean Retail Group Ltd. Director: HUANG CHING-HAI – 0 shares (3) Grand Ocean Retail Group Ltd. Independent Director: LEE JHEN-YU – 0 shares (4) Grand Ocean Retail Group Ltd. Independent Director: CHEN WEI-HUI – 0 shares (5) Grand Ocean Retail Group Ltd. Independent Director: LEE YA-PING – 0 shares

10. Previous Term (e.g., 2023/06/15 ~ 2026/06/14): 2023/06/15 ~ 2026/06/14

11. Effective Date of New Appointments: 2026/06/16

12. Rate of Director Turnover Within Same Term: Not applicable, as full board re-election due to term expiration

13. Rate of Independent Director Turnover Within Same Term: Not applicable, as full board re-election due to term expiration

14. Rate of Supervisor Turnover Within Same Term: Not applicable

15. Is the change over one-third of the directors? (yes or no): Yes

16. Other Matters to be Disclosed (if the entity is a publicly issued company, this announcement may also qualify as a material event under Article 7, Paragraph 6 of the Enforcement Rules of the Securities and Exchange Act): None

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Source: PR Times
Category: 人事
Organizations: First Steamship S.A.

Grand Ocean-KY Announces Board Election and Change of Over One-Third of Directors

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