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ShiFang Holding Limited ( (HK:1831) ) has issued an announcement.
ShiFang Holding Limited has overhauled its board of directors, appointing Huang Shengwei and Zhu Chenghui as independent non-executive directors while accepting the resignations of Wei Hong and Chai Chung Wai with immediate effect. Huang brings more than a decade of experience in the construction sector, including chairing Fujian Dongwei Construction, while Zhu adds over ten years of securities investment experience and a background in mining-related investments and operations.
Both new directors have signed one-year service contracts, renewable annually, and will each receive a monthly director’s fee of RMB10,000, subject to periodic review by the board’s remuneration committee. The company emphasizes that Huang and Zhu meet Hong Kong listing rules on independence, have no disclosed shareholdings or relationships with existing management or major shareholders, and that there are no further matters requiring shareholder attention regarding their appointments.
More about ShiFang Holding Limited
ShiFang Holding Limited is a Bermuda-incorporated, Hong Kong-listed company whose announcement focuses on changes to its board structure rather than its operating business, giving no explicit detail on its industry, products or services.
Average Trading Volume: 3,307,300
Technical Sentiment Signal: Buy
Current Market Cap: HK$403.3M
For a thorough assessment of 1831 stock, go to TipRanks’ Stock Analysis page.