The Financial Secretary has, under the authority delegated by the Chief Executive, appointed three new Convenors and seven new members to the Financial Reporting Review Panel (FRRP) and reappointed one incumbent member for a term of three years from July 16, 2025, to July 15, 2028.
      
     The appointments and reappointments, made in accordance with the Accounting and Financial Reporting Council Ordinance (Cap. 588) (AFRC Ordinance), are:
 
New Convenors
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Mr Paul Donald Hebditch
Mr Eric Tang Ying-cheung
Mr Tang Yiu-chung
 
New Members
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Ms Fanny Hsiang Yuet-ming
Mr Alexander Kaung Wai-ming
Mr Lam Chi-ki
Ms Carrie Lau Kar-yee
Mr Jason Li Jiasheng
Mr Ng Chun-man
Ms Elza Yuen Wai-yiu
 
Reappointed Member
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Mr Jacob Lee Chi-hin
 
     A spokesman for the Financial Services and the Treasury Bureau today (July 11) said, "The Accounting and Financial Reporting Council (AFRC) is a key regulator for corporate governance of companies listed in Hong Kong. One of the statutory functions of the AFRC is to initiate enquiries concerning non-compliance with legal, accounting or regulatory requirements in a listed entity's financial reports.
      
     "The FRRP, a statutory body established under the AFRC Ordinance, is indispensable to the discharge of the AFRC's statutory functions of enquiries. The work of the FRRP will benefit from the rich experience and professional knowledge of the members.
      
     "We would like to take this opportunity to express our heartfelt appreciation to the two outgoing Convenors and nine outgoing members for their valuable contribution to the work of the FRRP in the past years," the spokesman added.
      
     When an enquiry case arises, the AFRC may appoint one Convenor and four or more members from the FRRP to form a Financial Reporting Review Committee which will enquire into the relevant non-compliance of the case. The Committee will submit an enquiry report on the case to the AFRC for consideration and, where appropriate, follow-up action.

Ends/Friday, July 11, 2025
Issued at HKT 11:00

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