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China Hongqiao Group Ltd. ( (HK:1378) ) has issued an announcement.
China Hongqiao Group announced that executive director and vice chairwoman Zheng Shuliang will retire at the conclusion of its annual general meeting in May 2026, stepping down from the board and the sustainability committee in accordance with the company’s articles and due to her age. The board emphasized there is no disagreement and thanked her for her contributions.
Independent non-executive directors Han Benwen and Dong Xinyi will also retire at the same AGM after serving around or more than nine years, triggering changes in the leadership of the audit, remuneration and nomination committees. To refresh its board and maintain independent oversight, the company plans to appoint academic and corporate governance expert Meng Xianzhong and another nominee, Ma Jin, as new independent non-executive directors, subject to shareholder approval.
Meng brings extensive experience in corporate and regional economics, strategic management and consulting for large enterprises and governments, as well as prior independent directorship at a Shenzhen-listed company. His appointment is expected to strengthen China Hongqiao’s strategic guidance and governance capabilities as it navigates future development in the aluminium industry.
The most recent analyst rating on (HK:1378) stock is a Buy with a HK$45.00 price target. To see the full list of analyst forecasts on China Hongqiao Group Ltd. stock, see the HK:1378 Stock Forecast page.
More about China Hongqiao Group Ltd.
China Hongqiao Group Limited is a Cayman Islands-incorporated company listed in Hong Kong, operating in the aluminium industry. The group focuses on aluminium production and related activities, positioning itself as a major player in the sector and maintaining governance structures aligned with Hong Kong listing requirements.
Average Trading Volume: 40,205,998
Technical Sentiment Signal: Buy
Current Market Cap: HK$347.1B
For detailed information about 1378 stock, go to TipRanks’ Stock Analysis page.