KUALA LUMPUR (April 1): JF Technology Bhd (JF Tech) said Datin Wang Mei Ling has relinquished her role as chief financial officer (CFO) in the company.

Wang, who is the spouse of the company’s managing director and major shareholder Datuk Foong Wei Kuong, will however remain as executive director. She currently holds 39.71 million of JF Tech’s shares and 44.85 million warrants.

In a stock exchange filing, JF Tech said Wang was appointed as executive director in 2008. She still oversees the company’s human resources and general administrative activities.

In separate filings, JF Tech has appointed its finance and accounts manager Wong Siew Phin as the new company’s CFO and named its group manufacturing manager Lee Eng Kiat as the chief operating officer.

According to JF Tech, the changes took effect on Friday (April 1).

Last month, the company announced the resignation of its chief executive officer Dillon Atma Singh to "pursue other opportunities".

In February, JF Tech recorded its highest-ever first-half net profit and revenue of RM10.56 million and RM23 million respectively for the cumulative six months ended Dec 31, 2021, on Feb 24, 2022.

The semiconductor company also obtained shareholders' approval to transfer its listing status from the ACE Market to the Main Market of Bursa Malaysia on Dec 1, 2021 and expects to complete the transfer by the first half of this year.

JF Tech shares settled one sen or 0.95%, higher at RM1.06, giving it a market value of RM982.68 million. The counter has declined 26.39% year-to-date from when it was trading at RM1.44.