Jerash Holdings: Board Chair Not Seeking Re-Election; Internal Nominee Named

What Happened

• Jerash Holdings (US), Inc. announced on July 16, 2026 that Director and Chairman Choi Lin Hung informed the Board he will not stand for re‑election as a director and Chairman at the Company's 2026 annual meeting of stockholders. The company says this decision was not due to any disagreement with the Company. Mr. Choi will continue to serve as the Company’s Chief Executive Officer, President, and Treasurer.
• On July 17, 2026 the nominating and corporate governance committee recommended, and the Board resolved, to nominate Mr. Ng Tsze Lun (Head of Marketing) for election as a director at the annual meeting and, if elected by stockholders, to appoint him as Chairman of the Board immediately following the meeting. The Company issued a press release on July 21, 2026 announcing these board updates.

Key Details

• Date Choi informed Board: July 16, 2026.
• Nomination date: July 17, 2026; press release issued July 21, 2026.
• Nominee: Ng Tsze Lun, age 71 — Head of Marketing since Jan 1, 2018; Head of Business Development of Treasure Success since Apr 1, 2022; director of Treasure Success since Aug 2016; over 50 years in the garment industry.
• Mr. Choi will remain CEO, President, and Treasurer; there will be no change to Mr. Ng’s existing compensation if elected.
• Company states no family relationships, no nomination arrangements, and no undisclosed related‑party transactions involving Mr. Ng (other than those already disclosed in the June 18, 2026 Form 10‑K).

Why It Matters

• This is a governance change at the board level that preserves operational continuity: the current Chairman is stepping down from the board but remains the company’s CEO and principal executive officer, reducing the likelihood of an immediate management shakeup.
• The Board’s choice of a long‑time internal executive (Mr. Ng) signals continuity and institutional knowledge rather than an outsider replacement.
• Stockholders will vote on Mr. Ng’s election at the 2026 annual meeting; investors should watch that vote and any related disclosures for further governance or leadership developments.