Graphex Group Director Resigns, Triggering Temporary Listing Rules Non-Compliance

An announcement from Graphex Group Limited ( (HK:6128) ) is now available.

Graphex Group Limited has announced the resignation of independent non-executive director Mr. Wang Yuncai, who is also stepping down from the audit, nomination and remuneration committees, effective 5 February 2026, to focus on other business pursuits. His departure, after serving on the board since 2014, leaves the company temporarily non-compliant with several Hong Kong Listing Rules relating to the minimum number and gender diversity of independent non-executive directors and the required composition of key board committees. Graphex’s board has stated it will seek suitable candidates and restore full compliance within three months, while emphasizing that day-to-day operations remain normal and are not adversely affected by the governance changes.

The most recent analyst rating on (HK:6128) stock is a Sell with a HK$0.26 price target. To see the full list of analyst forecasts on Graphex Group Limited stock, see the HK:6128 Stock Forecast page.

More about Graphex Group Limited

Graphex Group Limited is a Cayman Islands–incorporated company listed in Hong Kong (Stock Code: 6128), engaged in the electric vehicle new materials sector, with operations conducted through a board comprising executive, non-executive and independent non-executive directors overseeing its governance and compliance with Hong Kong Listing Rules.

Average Trading Volume: 7,605,927

Technical Sentiment Signal: Sell

Current Market Cap: HK$168.5M

For detailed information about 6128 stock, go to TipRanks’ Stock Analysis page.