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New City Development Group Limited ( (HK:0456) ) has shared an update.
New City Development Group Limited has announced the resignation of independent non-executive directors Alex Leung Kwai Wah and Anthony Chan Yiu Tung, effective 17 April 2026, as they shift focus to other business commitments. Their departure also triggers changes in the leadership and membership of the audit, remuneration and nomination committees, though both departing directors report no disagreements with the board or matters requiring shareholder attention.
To fill the governance gap, the company has appointed Wong Pak Wing, who previously served on the board, and Lam Chi Cheung Albert as new independent non-executive directors from the same date. Wong returns under a three-year appointment with an annual director’s fee of HK$240,000, signaling the group’s intent to maintain continuity and meet Hong Kong listing rules on independent oversight despite the boardroom reshuffle.
More about New City Development Group Limited
New City Development Group Limited is a Hong Kong-listed company incorporated in the Cayman Islands and traded under stock code 0456. It operates under a board structure that includes independent non-executive directors who oversee audit, remuneration and nomination functions in line with corporate governance requirements for issuers on the Hong Kong Stock Exchange.
Average Trading Volume: 36,595
Technical Sentiment Signal: Hold
Current Market Cap: HK$92.36M
See more insights into 0456 stock on TipRanks’ Stock Analysis page.