China Strategic Technology Group Clarifies Director Resignation and Late Disclosure

Hong Kong Aerospace Technology Group Limited ( (HK:1725) ) has issued an update.

China Strategic Technology Group Limited has provided a supplemental announcement regarding the resignation of director and former deputy chairman H.H. Maktoum, clarifying that despite repeated attempts to obtain further reasons, the only explanation given remains personal reasons and that there is no disagreement between him and the board or any issues requiring shareholder attention. The company detailed a delay in formally acknowledging his resignation due to an earlier email and signed resignation letter sent via his representative to a former company secretary, which was not actioned before that secretary’s own departure, leading to late compliance with disclosure obligations under Hong Kong Listing Rule 13.51(2); however, it stressed that key board meetings and approvals, including interim results and changes to corporate name, headquarters and management, remained validly approved with a proper quorum despite his absence.

The most recent analyst rating on (HK:1725) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Hong Kong Aerospace Technology Group Limited stock, see the HK:1725 Stock Forecast page.

More about Hong Kong Aerospace Technology Group Limited

China Strategic Technology Group Limited, formerly known as USPACE Technology Group Limited, is a Cayman Islands-incorporated company listed in Hong Kong. The group operates through subsidiaries and is overseen by a board of directors and formal compliance structures in line with Hong Kong Listing Rules.

Average Trading Volume: 8,367,027

Technical Sentiment Signal: Hold

Current Market Cap: HK$670.5M

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