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Shandong Gold Mining Announces Resignation of Independent Non-Executive Director

Story Highlights
  • Shandong Gold Mining’s independent non-executive director Zhan Kai has resigned from the board and all related committee roles for personal reasons.
  • His resignation will take effect once a replacement restores the required one-third independent director ratio, with the company expediting the appointment process.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Shandong Gold Mining Announces Resignation of Independent Non-Executive Director

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An update from Shandong Gold Mining Co., Ltd. Class H ( (HK:1787) ) is now available.

Shandong Gold Mining Co., Ltd. has announced the resignation of independent non-executive director Zhan Kai, who is stepping down from the board and from multiple key board committees, including strategy, sustainability, audit, nomination and remuneration, in order to devote more time to personal matters. Because his departure would temporarily reduce the proportion of independent directors on the board below the regulatory one-third threshold, his resignation will only take effect once a new independent non-executive director is appointed or the independent director ratio is otherwise restored, during which time he will continue to perform his duties, with the company pledging to expedite the election process and noting that he holds no shares, has no outstanding commitments, and has no disagreement with the board.

The most recent analyst rating on (HK:1787) stock is a Buy with a HK$47.00 price target. To see the full list of analyst forecasts on Shandong Gold Mining Co., Ltd. Class H stock, see the HK:1787 Stock Forecast page.

More about Shandong Gold Mining Co., Ltd. Class H

Shandong Gold Mining Co., Ltd. is a PRC-incorporated gold producer listed in Hong Kong, operating in the mining sector with a focus on exploration, extraction and production of gold, serving both domestic and international markets.

Average Trading Volume: 14,341,460

Technical Sentiment Signal: Buy

Current Market Cap: HK$196.1B

For detailed information about 1787 stock, go to TipRanks’ Stock Analysis page.

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