BlockFin Faces Governance Gap as Key Independent Director Retires

Bison Finance Group Limited ( (HK:0888) ) has provided an announcement.

BlockFin Holdings announced that independent non-executive director Dr. Qi Daqing will retire by rotation at the upcoming annual general meeting and will not stand for re-election, stepping down as chairman of the audit committee and as a member of the remuneration and nomination committees. The board emphasized there is no disagreement with Dr. Qi, and his departure leaves the company temporarily without an independent director possessing the required accounting or financial management expertise under Hong Kong listing rules, prompting a search for a qualified replacement within three months to restore full compliance and maintain governance standards.

The company acknowledged that Dr. Qi currently fulfils key professional qualification requirements for both the board and the audit committee and pledged to use its best endeavours to appoint a suitable successor as soon as practicable. BlockFin plans to issue further announcements when a new candidate is identified, while publicly expressing appreciation for Dr. Qi’s contributions during his tenure and signaling to shareholders and regulators its intent to uphold listing rule obligations and committee effectiveness.

The most recent analyst rating on (HK:0888) stock is a Hold with a HK$0.09 price target. To see the full list of analyst forecasts on Bison Finance Group Limited stock, see the HK:0888 Stock Forecast page.

More about Bison Finance Group Limited

BlockFin Holdings Limited, incorporated in Bermuda and listed in Hong Kong under stock code 888, is overseen by a board comprising executive, non-executive and independent non-executive directors. The company operates under Hong Kong listing regulations that require a defined number of independent directors with appropriate professional and financial expertise to support its governance structure.

Average Trading Volume: 639,027

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$81.3M

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