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China Tianrui Group Cement Co., Ltd. ( (HK:1252) ) has shared an update.
China Tianrui Group Cement announced that independent non-executive director Jiang Senlin has resigned from the board, as well as from its audit and remuneration committees, effective 11 May 2026 to pursue personal commitments. The company said Jiang has no disagreements with the board and expressed appreciation for his contributions.
His departure leaves the board with only two independent non-executive directors and reduces the audit committee to two members, putting the company in breach of Hong Kong Listing Rules on board independence, audit, and remuneration committee composition. The board is searching for replacement candidates within the three-month grace period, while trading in the company’s shares remains suspended pending the outcome of an independent investigation and the release of its 2025 annual results, prompting a cautionary note to shareholders and potential investors.
More about China Tianrui Group Cement Co., Ltd.
China Tianrui Group Cement Company Limited is a Hong Kong–listed cement producer incorporated in the Cayman Islands, focusing on the manufacture and sale of cement products. The company operates within the construction materials sector and is subject to Hong Kong’s Listing Rules for corporate governance and board composition.
YTD Price Performance: -9.43%
Average Trading Volume: 10,132,583
Technical Sentiment Signal: Sell
Current Market Cap: HK$740M
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