Progressive Path Director’s Passing Triggers Temporary Non-Compliance With HK Listing Rules

Progressive Path Group Holdings Ltd. ( (HK:1581) ) has shared an announcement.

Progressive Path Group Holdings Limited has announced the passing of independent non-executive director Mr. Wong Yiu Kit Ernest, who also served as chairman of the remuneration committee and a member of the audit and nomination committees, and paid tribute to his decade-long professional contribution to the board. His death leaves the company temporarily non-compliant with several Hong Kong listing rules regarding the minimum number and proportion of independent non-executive directors on the board and key committees, prompting the company to seek suitable replacements within three months while emphasizing that its operations continue as normal and are not adversely affected.

The most recent analyst rating on (HK:1581) stock is a Buy with a HK$0.22 price target. To see the full list of analyst forecasts on Progressive Path Group Holdings Ltd. stock, see the HK:1581 Stock Forecast page.

More about Progressive Path Group Holdings Ltd.

Progressive Path Group Holdings Limited is a Hong Kong-listed company incorporated in the Cayman Islands and traded on the Main Board of the Stock Exchange of Hong Kong under stock code 1581. The board currently consists of executive directors Wu Wing Hang and Chan Tak Ming, and independent non-executive directors Lee Man Tai and Tong Sze Sze Cecilia.

Average Trading Volume: 341,680

Technical Sentiment Signal: Buy

Current Market Cap: HK$78.85M

See more data about 1581 stock on TipRanks’ Stock Analysis page.