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Nongfu Spring Faces Board Restructuring After Director Resignation

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Nongfu Spring Faces Board Restructuring After Director Resignation

Nongfu Spring Co., Ltd. Class H ( (HK:9633) ) has issued an update.

Nongfu Spring Co., Ltd. announced the resignation of Mr. Stanley Yi Chang from his roles as an independent non-executive director, chairman of the audit committee, and member of the nomination committee due to personal health reasons, effective March 17, 2025. This resignation results in non-compliance with several Hong Kong Stock Exchange listing rules, as the board now lacks the required number of independent non-executive directors. The company is committed to appointing qualified candidates to fill these vacancies within three months to regain compliance.

More about Nongfu Spring Co., Ltd. Class H

Nongfu Spring Co., Ltd. is a leading company in the beverage industry, primarily known for its bottled water products. The company is incorporated in the People’s Republic of China and is listed on the Hong Kong Stock Exchange.

YTD Price Performance: 12.08%

Average Trading Volume: 8,882,368

Technical Sentiment Consensus Rating: Sell

Current Market Cap: HK$427.9B

Find detailed analytics on 9633 stock on TipRanks’ Stock Analysis page.

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