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Shanghai Dazhong Public Utilities (Group) Co., Ltd. Class H ( (HK:1635) ) just unveiled an announcement.
Shanghai Dazhong Public Utilities (Group) Co., Ltd. announced that independent non-executive director Liu Feng will retire from the board in June 2026 at the end of the Twelfth Session, after declining nomination for re-election due to personal work commitments. The board noted he leaves without disagreements and expressed gratitude for his contributions, signalling an orderly transition in the company’s governance.
To fill the upcoming vacancy, the board has proposed appointing legal scholar and experienced independent director Zheng Wei as an independent non-executive director for the Thirteenth Session, subject to shareholder approval at the 2025 AGM. His extensive academic and legal background, lack of related-party ties, and confirmation of meeting Hong Kong listing independence rules are intended to strengthen board diversity and uphold robust corporate governance standards.
More about Shanghai Dazhong Public Utilities (Group) Co., Ltd. Class H
Shanghai Dazhong Public Utilities (Group) Co., Ltd. is a joint stock company incorporated in the People’s Republic of China with limited liability and listed in Hong Kong. The group operates in the public utilities sector, providing essential services that position it as a key infrastructure player for its regional markets and shareholders.
Average Trading Volume: 108,415,830
Technical Sentiment Signal: Hold
Current Market Cap: HK$16.54B
Learn more about 1635 stock on TipRanks’ Stock Analysis page.