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New City Development Group Limited ( (HK:0456) ) has provided an announcement.
New City Development Group Limited has announced boardroom changes, with independent non-executive director Zhang Jing stepping down effective 21 May 2026 to focus on other business commitments. His resignation also ends his roles as chairman of the audit committee and member of the nomination committee, though he reported no disagreements with the board and the company expressed gratitude for his service.
The board has appointed Wong Kan Wai as an independent non-executive director from the same date, also naming him chairman of the audit committee and member of the nomination committee. Wong, a chartered accountant with extensive experience in auditing and mainland China’s commercial real estate market, will serve an initial three-year term on an annual fee of HK$240,000, with the company emphasizing his independence and alignment with Hong Kong listing rules.
More about New City Development Group Limited
New City Development Group Limited is a Hong Kong-listed company incorporated in the Cayman Islands, with its shares traded on the Stock Exchange of Hong Kong. The group operates through a board structure that includes audit and nomination committees, relying on independent non-executive directors to oversee governance, financial reporting, and board appointments in line with local listing requirements.
Average Trading Volume: 36,596
Technical Sentiment Signal: Hold
Current Market Cap: HK$83.96M
See more data about 0456 stock on TipRanks’ Stock Analysis page.