CMON’s long-serving chief financial officer, company secretary latest to resign from financially-troubled business

Board game crowdfunding giant CMON has lost two more long-serving senior executives amid its attempt to fight back from heavy 2024 losses and a drastic downsizing spurred by US tariffs volatility.

Chief financial officer Koh Zheng Kai and company secretary Ng Sau Mei have both handed in their resignations, five months after senior manager David Preti stepped down as chief operating officer of the business.

Koh, who has been with CMON since 2014, resigned “after careful consideration” in order to devote more time to his own business, CMON said in a statement to the Hong Kong stock exchange. His last day will be November 14 this year.

Koh is the founder of Singapore-based accounting, consulting and tax services company Opes Services. He stepped back from that business in 2014 to help CMON list on the Hong Kong stock exchange, remaining as an advisor to Opes.

Ng tendered her resignation with effect from August 28, citing other work arrangements. CMON said both Koh and Ng had no disagreement with the board.

The company added that it was “in the course of identifying suitable candidates for the role of CFO”, and has already named Wong Chun Wing Samuel as its new company secretary.

Wong is an assistant manager of the listing services department of compliance and admin services provider TMF Hong Kong.

CMON revealed in April that it had slumped to a $3m loss for last year – almost double its total profits from the previous three years combined.

Later that month the company announced it was laying off staff and halting new game development and campaign launches, citing the ongoing unpredictability around US tariffs, in order to focus on fulfilling its eight undelivered crowdfunding campaigns, which raised about $18m, as well as another seven pre-ordered games.

The company has attempted to stem its financial problems in the short term by selling a string of its intellectual properties, including its most famous and profitable title Zombicide, as well as Eric Lang designs Blood Rage and Rising Sun.

Late last month CMON announced that the “finish line is in sight” for three of its games on pre-order – Dark Providence, Dune: War for Arrakis – Desert War, and Marvel United: The Witching Hour – and reemphasised that it was halting the launch of any new crowdfunding campaigns until it had earned back the trust of backers.

Rather than large scale, miniatures heavy crowdfunding campaigns, the company has instead pivoted to releasing several small-box games direct to retail, some of which are expected to make their debut at Spiel Essen in October.

CMON did not respond to a request from BoardGameWire for more information about the small-box retail strategy, or other updates about its ongoing plans to combat its financial issues.

BoardGameWire has sent CMON more than half a dozen requests for comment and context about multiple stories since March this year, without receiving a reply.