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Dongguan Rural Commercial Bank Announces Director Resignations and Compliance Plans

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Dongguan Rural Commercial Bank Announces Director Resignations and Compliance Plans

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An update from Dongguan Rural Commercial Bank Co Ltd Class H ( (HK:9889) ) is now available.

Dongguan Rural Commercial Bank Co., Ltd. announced the resignation of three non-executive directors, Mr. Ye Jinquan, Mr. Zhang Qingxiang, and Mr. Chen Weiliang, effective from March 31, 2025. These resignations are due to the expiration of Mr. Ye’s term and work arrangements for Mr. Zhang and Mr. Chen. The bank expressed gratitude for their contributions and confirmed no disagreements with the board. Following Mr. Chen’s resignation, the bank’s audit committee will temporarily not meet the Hong Kong Stock Exchange’s listing requirements, as it will have only two members instead of the required three. The bank plans to appoint a suitable candidate within three months to comply with the listing rules.

More about Dongguan Rural Commercial Bank Co Ltd Class H

Dongguan Rural Commercial Bank Co., Ltd. is a joint stock company incorporated in the People’s Republic of China. It operates in the financial services industry, focusing on providing banking services. The bank is not authorized to carry on banking and/or deposit-taking business in Hong Kong and is not subject to the supervision of the Hong Kong Monetary Authority.

YTD Price Performance: -17.07%

Technical Sentiment Signal: Buy

Current Market Cap: €2.88B

Find detailed analytics on 9889 stock on TipRanks’ Stock Analysis page.

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