Beleaguered television maker Skyworth Digital Holdings, whose chairman has been charged by the Independent Commission Against Corruption with misappropriating company funds, is expected to name former Shenzhen Electronics Group chairman Wang Dianfu as chief executive. Mr Wang's appointment to the newly created position is aimed at eliminating the negative publicity surrounding the arrest earlier this month of chairman Stephen Wong Wang-sang and his director brother Wong Pui-sing, according to media reports. Skyworth's corporate spokeswoman refused to comment on the reports but said Stephen Wong, who was released on bail of $1 million, had been working on restoring the company's reputation and one way to do that was to find new talent. 'Our chairman has actually stepped down from the company this week after passing his past responsibilities to the middle management,' the spokeswoman said. Stephen Wong and his brother were among 15 people arrested by the ICAC earlier this month. They are scheduled to reappear in court on March 2. Yesterday, the Skyworth spokeswoman said the appointment of new management executives would be announced through the stock exchange soon. Mr Wang could not be contacted yesterday. According to a brief biography on him published on the 2000 China High-tech Fair website, Mr Wang became president of Shenzhen Sanji Technology after seven years with Shenzhen Electronics. He was awarded the 'May 1 Labourer Medal' by the state three times. His wife, madam Wang Fenglian, is an expert in biological engineering. Meanwhile, the Skyworth spokeswoman said the company had been intending to increase the number of independent non-executive directors for some time. 'We are now seeking advice from our lawyers and financial advisers on how we should restructure our board and management.' Skyworth now has just two independent non-executive directors on its board. The spokeswoman added that the ultimate aim of the restructuring was to separate the shareholders from management so that no members of the management would hold 'a significant stake' in the company. At the end of March this year, Stephen Wong had about 39 per cent of Skyworth. The mainland press has also reported that Skyworth has invited four experienced executives from Hong Kong and mainland electronics industries to join its board. Skyworth was suspended from trading on December 1, minutes before its interim results announcement. Its shares closed at $2.725 before the suspension. The spokeswoman said the company was in the process of having its half-year results audited to 'reaffirm the credibility of the company's financials'. Under Hong Kong listing rules, companies can publish unaudited financial results in an exchange announcement.