1169032 B.C. adds Joseph Tung to board and audit committee

1169032 B.C. Ltd. named Joseph Tung to its board of directors and audit committee after Jeffrey Paolone resigned effective immediately following the company’s July 29, 2026 shareholder meeting. The changes leave the board and audit committee with three members each.

Why it matters: - The board change fills a vacancy and keeps 1169032 B.C. Ltd.’s board and audit committee at three members each. - Audit committee membership matters because the group oversees financial reporting and governance.

What happened: - Jeffrey Paolone resigned as a director and audit committee member, effective immediately after the conclusion of the company’s annual general and special meeting on July 29, 2026. - 1169032 B.C. Ltd. appointed Joseph Tung to the board of directors. - 1169032 B.C. Ltd. also appointed Joseph Tung to the audit committee. - Following the appointment, the board consists of Richard Paolone, J. Scott Munro and Joseph Tung. - The audit committee now consists of Richard Paolone, J. Scott Munro and Joseph Tung.

The details: - Joseph Tung is a securities and corporate lawyer. - Tung has experience advising public and private companies on securities law, corporate governance and transactional matters. - 1169032 B.C. Ltd. is a reporting issuer in British Columbia and Alberta. - The company says it is seeking to develop or acquire viable commercial applications.

Between the lines: - The appointment brings legal and governance experience onto the board at a time when the company is still defining its commercial path. - A smaller reporting issuer often relies on a lean board structure, so replacing a departing director quickly helps maintain continuity.

What's next: - 1169032 B.C. Ltd. will move ahead with its existing three-person board and audit committee. - The company may continue pursuing development or acquisition opportunities as it looks for commercial applications.

The bottom line: - Joseph Tung’s appointment restores full board and audit committee coverage after Jeffrey Paolone’s resignation.