Nanjing Sample Technology Governance Shakeup

Nanjing Sample Technology Co., Ltd. Class H (HK:1708) has released an update.

Nanjing Sample Technology Co., Ltd. is facing a governance crisis following the resignation of Mr. Niu Zhongjie, an independent non-executive director, leading to non-compliance with Hong Kong’s Listing Rules regarding board composition and committee requirements. The company is actively seeking a replacement to rectify the shortfalls in its audit and nomination committees to adhere to the regulatory standards. Shareholders and the market are reassured that there are no disagreements or undisclosed issues related to Mr. Niu’s departure.

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