RC365 Holding PLC on Monday said Hon Cheung has returned to the role of chief financial officer.

The London-based provider of remittance and payment services in east and south east Asia said Cheung had joined the company as CFO of its primary operating entity in 2018 and became CFO and an executive director upon the company’s initial public offering on the London Stock Exchange.

In August 2022, Cheung stepped down from his positions but remained with the company as part of the finance team.

Upon his return announced Monday, Cheung replaces Timothy Tang in the role as CFO and as director.

In December, RC365 announced the repayment of outstanding amount of £400,000 to Mill End Capital Ltd via 27.5 million shares as consideration equal to the outstanding amount of £250,000, plus a repayment of £150,000 of cash.

RC365 shares were 0.2% higher at 1.35 pence each on Monday afternoon in London.

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