• Lion Industries disclosed a departure from recommended separation of chairman and chief executive roles in its governance report for June 30, 2026.
• Managing Director Cheng Heng Jem also became chairman on November 27, 2025, succeeding Raja Nong Chik bin Dato' Raja Zainal Abidin.
• Independent nonexecutive directors hold three of five board seats, representing 60%; two board members are women.
• No independent director has served more than nine years, but the board has not adopted a policy barring extensions beyond that limit.
• The report also disclosed a departure from recommended disclosure of a gender diversity policy for the board and senior management.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lion Industries Corporation Bhd published the original content used to generate this news brief via Bursa Malaysia (KLSE) (Ref. ID: 3719366) on October 28, 2026, and is solely responsible for the information contained therein.