Dynagreen Director Resigns, Audit Committee Temporarily Below HK Listing Rule Threshold

Dynagreen Environmental Protection Group Co., Ltd. Class H ( (HK:1330) ) just unveiled an update.

Dynagreen Environmental Protection Group announced that non-executive director Zhao Zhixiong has resigned from the board and from the audit and risk management committee upon reaching retirement age, with the company stressing that his departure will not disrupt board operations or reduce its size below statutory requirements. The resignation leaves the audit and risk management committee temporarily below the minimum three-member threshold required by Hong Kong listing rules, but the company says it has already identified a replacement candidate and will complete election procedures promptly, while noting Zhao has no disagreement with the board and acknowledging his contributions during his tenure.

The company also reiterated the current composition of its board, highlighting the mix of executive, non-executive, independent non-executive and employee directors that remain in place after Zhao’s departure. This governance update signals a transitional period for Dynagreen’s oversight structure as it moves to restore full compliance with listing rules on committee membership, a step closely watched by investors and regulators concerned with board independence and risk management.

More about Dynagreen Environmental Protection Group Co., Ltd. Class H

Dynagreen Environmental Protection Group Co., Ltd. is a PRC-incorporated environmental services company listed in Hong Kong, focusing on environmental protection operations through a group structure. The board currently comprises an executive chairman, several non-executive and independent non-executive directors, and an employee director overseeing its governance.

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