On March 26, 2024, Jae Chung, an independent member of the FGI Industries Ltd. (the ?Company?) Board of Directors (the ?Board?), advised the Board that he is stepping down from his position as a member of the Board, effective April 1, 2024. Mr. Chung currently serves on the Board?s Audit Committee, Nominating and Corporate Governance Committee and Compensation Committee. Mr. Chung?s decision to resign is not the result of any disagreement with the Company, and, on April 1, 2024, he will join the Company as an employee as its Senior Vice President, Investor Relations and Corporate Development. Also on March 26, 2024, the Board approved the appointment of Ms. Anagha Apte Sreenivasan to the Board, effective April 1, 2024. Ms. Apte currently serves as the Senior Director, Ethics Counsel at eBay Inc. since 2019. Prior to this, Ms. Apte served in ethics & compliance roles at Twitter Inc. (now ?X?) from 2016 to 2019 and Starwood Hotels & Resorts from 2013 to 2016. Ms. Apte started her career at Baker Hostetler LLP where she focused her practice on white collar criminal defense and commercial litigation. Ms. Apte will sit on the Board?s audit committee and compensation committee.
Mr. Chung?s decision to resign is not the result of any disagreement with the Company, and, on April 1, 2024, he will join the Company as an employee as its Senior Vice President, Investor Relations and Corporate Development.
FGI Industries Ltd. (FGI) is a diversified supplier of bath and kitchen products. The Company offers a range of products under four categories, namely sanitaryware, bath furniture, shower system and other. The Companyâs sanitaryware category includes a range of bath products, such as toilets, sinks, pedestals and toilet seats. Its bath furniture category primarily includes wood and wood-substitute furniture for bathrooms, including vanities, mirrors, laundry and medicine cabinets and other storage systems. Its shower systems category includes a range of shower-related products, such as shower walls, shower doors and shower basins. Its other category includes smaller categories, prominently custom kitchen cabinetry brand under its Covered Bridge Cabinetry and Craft + Main Cabinetry lines of products. These products are sold primarily for repair and remodeling (R&R) activity and, new home or commercial construction.
FGI INDUSTRIES LTD. 