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China Cinda Asset Management Co ( (HK:1359) ) has provided an update.
China Cinda Asset Management has appointed WANG Zhongze as an independent non-executive director following regulatory approval of his director qualification by the NFRA, completing a process that began with shareholder approval at an extraordinary general meeting in 2025. His three-year term, effective May 11, 2026, includes roles on the Audit, Risk Management and Connected Transaction Control committees, with remuneration to be set under the company’s standard governance procedures.
The appointment coincides with the departure of independent non-executive director LAM Chi Kuen, whose term has expired and who has stepped down from the Strategic Development, Audit and Connected Transaction Control committees. The board emphasized that LAM leaves without disagreement and expressed gratitude for his service, while confirming that WANG meets Hong Kong listing independence requirements, helping to maintain board independence and continuity in key oversight functions.
More about China Cinda Asset Management Co
China Cinda Asset Management Co., Ltd. is a major Chinese financial asset management company focused on distressed asset investment, restructuring and related financial services. Listed in Hong Kong with both ordinary and preference shares, it operates under strict regulatory oversight and plays a significant role in China’s banking and non-performing asset markets.
Average Trading Volume: 62,063,894
Technical Sentiment Signal: Sell
Current Market Cap: HK$44.27B
Learn more about 1359 stock on TipRanks’ Stock Analysis page.