Mindax (ASX:MDX) Reshapes Its Board With Three Appointments and a New Chair

Sonal Goyal

23 October 2026 07:43 PM AEDT

Mindax (ASX:MDX) Reshapes Its Board With Three Appointments and a New Chair

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Key Highlights

Ying Yang, Bolin Lan and Chengze Yu became Non-Executive Directors effective 22 October 2026, and Ms Yang was also appointed Non-Executive Chair.
Each new director will stand for election at the Annual General Meeting on 28 November 2026.
Ms Yang controls L&Y Investment Holdings, which holds 235,000,000 shares and is party to a convertible note deed dated 31 August 2026.
Mr Yu holds 20,956,803 shares directly, with further relevant interests held by his spouse and father.

Mindax Limited (ASX:MDX) announced on 23 October 2026 the appointment of Ms Ying Yang, Mr Bolin Lan and Mr Chengze Yu as Non-Executive Directors, effective 22 October 2026. Following her appointment to the Board, Ms Yang has also been appointed Non-Executive Chair. Initial director's interest notices were lodged for each of the three.

Who Is Joining the Board

The company described Ms Yang as an investor and businesswoman with more than 30 years of experience, including in biotechnology and education. Mr Lan is a corporate executive with management experience in biotechnology, education, Mining and property development. Mr Yu is a Melbourne-based executive with experience in property development, construction, investment and asset management in Australia and China.

Each of the new directors will stand for election at the company's Annual General Meeting on 28 November 2026.

What the Interest Notices Disclose

The Appendix 3X filings set out each director's relevant interests in Mindax securities. Ms Yang holds no securities as registered holder. She is the controlling person of L&Y Investment Holdings Pte. Ltd., a Singapore-registered company, which has an indirect interest in 235,000,000 fully paid ordinary shares. L&Y is also a party to a Convertible Note Agreement with Mindax dated 31 August 2026. That agreement covers one convertible note, which is convertible into up to 114,755,085 fully paid ordinary shares, and Ms Yang's interest in it is indirect.

Mr Lan holds no securities and has no interest in contracts. His notice records that he is a relative of Ms Yang, and that he does not have a relevant interest in any securities held by L&Y, which is a substantial Shareholder of Mindax.

Mr Yu holds 20,956,803 fully paid ordinary shares as registered holder. His notice also lists non-registered interests of 127,508,027 fully paid ordinary shares held by his spouse, Chen Yuhuan, and 15,170,000 fully paid ordinary shares held by his father, Guozhong Yu.

Why This Could Matter

The announcement changes the composition of the Board, with all three appointees joining as Non-Executive Directors and Ms Yang taking the Chair. The notices also show the connections between the new directors and existing holders of Mindax securities, including the relationship between Ms Yang and L&Y, a party to the convertible note, and the family holdings reported by Mr Yu.

The Bottom Line

Three Non-Executive Directors joined Mindax on 22 October 2026, with Ms Yang appointed Chair. The initial interest notices disclose the securities and contract interests associated with each director, and all three appointments are due to go before shareholders on 28 November 2026.

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