Knorex Ltd. (NYSE:KNRX), a developer of AI-powered programmatic advertising technologies, experienced a 2% decrease in its stock price on Friday after unveiling that Ning (Michael) Sun will assume the role of Chief Financial Officer starting January 22, 2026. This leadership change intends to bolster the company’s internal structure in preparation for its forthcoming growth trajectory as a publicly traded entity.
Mr. Sun previously held the position of Head of Capital Markets at Knorex, where his responsibilities included strategic capital market planning, engagement with investors, and spearheading initiatives leading up to the company’s initial public offering. His career also encompasses senior executive roles at U.S.-listed companies Jiayin Group (NASDAQ:JFIN) and Fang Holdings (NYSE:SFUN), reflecting extensive experience in finance and public market dynamics.
In a statement, Dr. Justin Choo, Knorex’s CEO and Chairman, highlighted Sun's vital expertise, noting, "Michael brings deep capital markets and public-company experience that KNOREX needs at this stage of our development." Dr. Choo emphasized the critical nature of disciplined financial leadership and transparent reporting as the company pursues increased commercial success and expands its AI-driven advertising platform on a global scale.
In his upcoming role, Sun will focus on reinforcing Knorex’s financial foundations to support international operational scale-up. His academic background includes a Master’s degree in Financial Management from Central Queensland University and a Bachelor of Finance from La Trobe University, equipping him with the expertise required for effective financial stewardship.
This leadership appointment coincides with Knorex’s preparation for accelerated growth and reflects the company’s priority to ensure robust financial governance while engaging actively with the investment community.