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Kafelaku Coffee Faces Board Resignation and Compliance Challenge

Story Highlights
  • Kafelaku Coffee’s board faces non-compliance due to a director’s resignation.
  • A resolution withdrawal follows the director’s resignation, but AGM details remain unchanged.
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Kafelaku Coffee Faces Board Resignation and Compliance Challenge

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Li Bao Ge Group Ltd. ( (HK:1869) ) has shared an announcement.

Kafelaku Coffee Holding Limited announced the resignation of Mr. Liu Huaiyu from his roles as an independent non-executive director and various committee positions due to personal commitments. This resignation results in non-compliance with specific Hong Kong Stock Exchange listing rules regarding board composition, prompting the company to seek suitable candidates to fill the vacancies within three months. Additionally, a resolution concerning Mr. Liu’s re-election will be withdrawn from the upcoming annual general meeting, although other meeting details remain unchanged.

More about Li Bao Ge Group Ltd.

Average Trading Volume: 200,217

Technical Sentiment Signal: Sell

Current Market Cap: HK$172.1M

See more data about 1869 stock on TipRanks’ Stock Analysis page.

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