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China TCM announces board reshuffle with new non-executive director

Story Highlights
  • China Traditional Chinese Medicine Holdings reported the immediate resignation of non-executive director Liu Haijian, who leaves without dispute and exits the remuneration and evaluation committee.
  • The company appointed veteran compliance and state-enterprise executive Chen Kun as a new non-executive director and committee member, with an initial three-year term funded by CNPGC.
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China TCM announces board reshuffle with new non-executive director

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The latest announcement is out from China Traditional Chinese Medicine Holdings Co ( (HK:0570) ).

China Traditional Chinese Medicine Holdings Co. announced a board change, with non-executive director Liu Haijian resigning due to a change in work arrangements and stepping down from the remuneration and evaluation committee. Liu stated he has no disagreements with the board and no issues needing shareholder attention, and the company expressed appreciation for his contributions.

The company simultaneously appointed Chen Kun as a non-executive director and member of the remuneration and evaluation committee, effective 15 May 2026. Chen brings a compliance, supervision and state-owned enterprise governance background from roles at the People’s Bank of China, discipline inspection bodies and China National Pharmaceutical Group, and will serve an initial three-year term, with his director’s fee paid by CNPGC rather than the company.

The most recent analyst rating on (HK:0570) stock is a Sell with a HK$1.60 price target. To see the full list of analyst forecasts on China Traditional Chinese Medicine Holdings Co stock, see the HK:0570 Stock Forecast page.

More about China Traditional Chinese Medicine Holdings Co

China Traditional Chinese Medicine Holdings Co. Limited is a Hong Kong-incorporated company engaged in the traditional Chinese medicine sector through its subsidiaries. The group operates within the broader pharmaceutical industry, focusing on Chinese medicine products and related healthcare services in mainland China and international markets.

Average Trading Volume: 13,588,648

Technical Sentiment Signal: Sell

Current Market Cap: HK$8.26B

See more data about 0570 stock on TipRanks’ Stock Analysis page.

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