New Century Logistics shares jump 21.40% intraday after board reshuffle and new director appointments.

New Century Logistics (NASDAQ:NCL) surged 21.40% intraday following the announcement of significant board changes. The company replaced two independent directors, Ma Jay Suk Lin and Liu Kwong Sang, with Mak Tsz Yeung and Chu Ka Ying, who bring extensive experience in corporate governance, finance, and regulatory compliance. The new directors, qualified as independent under SEC and NASDAQ rules, were appointed to key committees, including audit and remuneration, signaling enhanced governance and strategic oversight. The transition occurred without operational or procedural disputes, reinforcing stability. Mak’s 15-year corporate finance background and Chu’s expertise in Hong Kong-listed governance further position the company to address regulatory and market expectations. The substantial intraday rally aligns with investor confidence in the board’s strengthened composition and improved corporate governance framework.