LH Financial Group PCL appointed four new directors in accordance with an investment agreement with CTBC Bank Co. Ltd.

The company said July 31 that it appointed Shih Jiing-Fuh and Wu Kuo-Chin as directors, and Supriya Kuandachakupt and Sun Vithespongse as independent directors.

Phairoj Hengsakul and Somsak Assavapokee resigned as independent directors, while Suwanna Bhuddhaprasart resigned as director.

The changes take effect Aug. 1.

CTBC Bank had acquired a 35.6% stake in LH Financial.