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The latest announcement is out from Graphex Group Limited ( (HK:6128) ).
Graphex Group Limited has disclosed that, following the death of independent non-executive director (INED) Ms. Tam and the resignation of INED Mr. Wang, it still falls short of Hong Kong listing rules on the minimum number of independent directors, audit committee members and gender diversity on its board. The company recently appointed one new executive director and one new INED, but these changes were insufficient to fully restore compliance because a suitable female INED candidate could not yet be confirmed.
The Stock Exchange has granted Graphex an extension of the grace period from 9 April 2026 to 30 June 2026 for the appointment of a female INED, allowing more time to complete identification, selection and nomination procedures. The company says it will use its best efforts to fill the remaining INED vacancy and thereby re-comply with rules on board independence, committee composition and gender diversity, a step that is important for meeting regulatory standards and maintaining investor confidence in its governance framework.
More about Graphex Group Limited
Graphex Group Limited is a Hong Kong–listed company incorporated in the Cayman Islands and focused on materials for electric vehicles, operating within the broader new energy and advanced materials sector. Its board comprises executive, non-executive and independent non-executive directors, reflecting typical governance structures for companies in this industry and market segment.
The company’s operations and market positioning are tied closely to compliance with Hong Kong listing rules, which govern board composition, audit oversight and gender diversity. These governance requirements influence investor perception, regulatory risk and the firm’s ability to access capital markets and maintain its listing status over time.
Average Trading Volume: 37,879,349
Technical Sentiment Signal: Sell
Current Market Cap: HK$52.71M
For detailed information about 6128 stock, go to TipRanks’ Stock Analysis page.