Poly Property Overhauls Board as Long-Serving Independent Directors Exit

Poly Property Group Co ( (HK:0119) ) just unveiled an announcement.

Poly Property Group Co., Limited announced a significant reshuffle of its board and board committees, driven by a director’s retirement and Hong Kong Stock Exchange rules on long-serving independent non-executive directors. Non-executive director Zhang Yi resigned upon reaching retirement age, while independent non-executive directors Leung Sau Fan, Sylvia and Wong Ka Lun stepped down after serving more than nine years, triggering changes in the Audit, Remuneration and Nomination Committees.

To fill the resulting vacancies and maintain governance continuity, the company appointed Lam Sau Fung and Zang Yunzhi as new independent non-executive directors, effective 18 May 2026. Lam, a former Deloitte partner and seasoned finance executive, will chair the Audit Committee and sit on the Remuneration and Nomination Committees, while the board named Fung Chi Kin as chairman of the Remuneration Committee, underscoring an emphasis on refreshed oversight and compliance with corporate governance standards.

More about Poly Property Group Co

Poly Property Group Co., Limited is a Hong Kong-incorporated property company listed on the Stock Exchange of Hong Kong. The group focuses on real estate development and related property investments through its subsidiaries, operating within the broader Greater China property market.

YTD Price Performance: 15.50%

Average Trading Volume: 19,406,049

Technical Sentiment Signal: Buy

Current Market Cap: HK$8.83B

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