Summary by Moomoo AI
VIDA INTERNATIONAL HOLDINGS LIMITED ANNOUNCES THAT FOUNDER MR. LEE CHAOWANG HAS RESIGNED AS CHAIRMAN OF THE BOARD AND CHAIRMAN AND MEMBER OF THE NOMINATION COMMITTEE WITH EFFECT FROM 11 MARCH 2024, BUT WILL CONTINUE AS EXECUTIVE DIRECTOR. Mr. Li has served as Chairman since founding the company in 1985 and has led the company to become Asia's leading sanitary ware company. Mr. Li confirms that his resignation is not in disagreement with the Board of Directors and does not require special notice to HKEX Limited and its shareholders. The Board of Directors is grateful for Mr. Lee's leadership and contributions.