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Matrix Holdings Clarifies Former CEO’s 2021 Remuneration in Supplemental Filing

Story Highlights
  • Matrix Holdings issued a supplemental announcement detailing former CEO Chen Wei Qing’s 2021 remuneration.
  • The clarification appears compliance-driven, with all other 2021 annual report information remaining unchanged.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Matrix Holdings Clarifies Former CEO’s 2021 Remuneration in Supplemental Filing

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An announcement from Matrix Holdings Limited ( (HK:1005) ) is now available.

Matrix Holdings Limited has issued a supplemental announcement to its 2021 annual report, clarifying the remuneration details of former chief executive officer Chen Wei Qing, who served as CEO until 15 April 2021 before being re-designated as chief operating officer. The company disclosed that Chen received a total of HK$434,000 in salary and employer retirement scheme contributions during the period he was entitled to CEO remuneration, while confirming that all other information in the 2021 annual report remains unchanged, suggesting the update is a compliance-driven clarification rather than a signal of broader changes to operations or governance.

The most recent analyst rating on (HK:1005) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Matrix Holdings Limited stock, see the HK:1005 Stock Forecast page.

More about Matrix Holdings Limited

Matrix Holdings Limited is a Bermuda-incorporated company listed on the Hong Kong Stock Exchange. The group operates through a board comprising executive and independent non-executive directors, reflecting typical governance structures of diversified Hong Kong-listed holding companies active in consumer and manufacturing-related sectors.

Average Trading Volume: 48,166

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$298.7M

See more insights into 1005 stock on TipRanks’ Stock Analysis page.

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