Next Digital Limited announced that with effect from December 29, 2020, Lai Chee Ying has tendered his resignation as the chairman of the board and an executive director of the company in order to spend more time dealing with his personal affairs. The board also announced that following the resignation of Lai as the chairman of the board, Ip Yut Kin, currently the non-executive director of the company, has been appointed as the chairman of the board with effect from December 29, 2020. Ip was appointed a non-executive director of the company in June 2016. He serves as a director of several subsidiaries of the company. Ip was non-executive chairman of the board from June 2016 to January 2018 and was a member of the audit committee from April 2017 to September 2018.