BAIC Motor reshapes secretarial team and seeks waiver on Hong Kong qualification rules

BAIC Motor ( (HK:1958) ) just unveiled an update.

BAIC Motor has announced a senior management reshuffle in its corporate governance functions, with company secretary and authorised representative Yu Dan and joint company secretary Ng Sau Mei resigning effective 30 April 2026. Both departing executives cited work-related reasons, reported no disagreements with the board, and were thanked by the company for their contributions, signalling a planned and orderly transition.

The board has appointed vice president and board secretary Huang Yan as the new company secretary and authorised representative, and TMF Hong Kong senior manager Li Ka Wai as joint company secretary from the same date. As Huang does not yet meet Hong Kong’s formal company secretary qualification requirements, BAIC has sought a waiver from strict compliance with the Listing Rules, arguing his extensive automotive and governance experience and the difficulty of finding a suitably qualified PRC-based candidate justify the exemption.

The most recent analyst rating on (HK:1958) stock is a Sell with a HK$1.90 price target. To see the full list of analyst forecasts on BAIC Motor stock, see the HK:1958 Stock Forecast page.

More about BAIC Motor

BAIC Motor Corporation Limited is a Chinese automobile manufacturer listed in Hong Kong, operating primarily in the People’s Republic of China. The company focuses on the design, production and sales of vehicles and related automotive systems, positioning itself as a major player in the domestic auto industry with close ties to state-owned automotive groups.

Average Trading Volume: 12,878,321

Technical Sentiment Signal: Sell

Current Market Cap: HK$11.22B

For a thorough assessment of 1958 stock, go to TipRanks’ Stock Analysis page.