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Coastal Greenland Limited ( (HK:1124) ) has shared an update.
Coastal Greenland Limited has announced that executive director Ms. Tong Xinhua will resign with effect from 22 May 2026 due to family commitments, stepping down from her roles as chairlady of the investment committee and member of the remuneration and nomination committees. She indicated she has no disputes with the board and no claims against the company beyond agreed entitlements.
Her departure leaves the board and its nomination committee without any female directors, resulting in non-compliance with Hong Kong listing rules and the Corporate Governance Code on gender diversity. The company has pledged to identify and appoint a suitable female director within three months, signalling an intention to restore compliance and align with its stated board diversity policy on skills, experience and perspectives.
More about Coastal Greenland Limited
Coastal Greenland Limited is a Bermuda-incorporated company listed in Hong Kong that operates through a group structure. The group is engaged in property-related activities in mainland China, focusing on residential and related real estate projects, and is subject to Hong Kong’s corporate governance and listing regulatory framework.
Average Trading Volume: 253,757
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$78.36M
See more insights into 1124 stock on TipRanks’ Stock Analysis page.