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Silkwave Explains Delayed Company Secretary Removal Amid Fee Dispute

Story Highlights
  • Silkwave says a service-fee dispute with ex-company secretary Mr. Wei delayed formal dismissal and filings.
  • The company assigned other experienced staff to perform secretary duties, maintaining regulatory compliance throughout.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Silkwave Explains Delayed Company Secretary Removal Amid Fee Dispute

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CMMB Vision Holdings ( (HK:0471) ) has shared an update.

Silkwave Inc has clarified the circumstances surrounding the removal of its company secretary, Mr. Wei, explaining that although he stopped providing services and tendered his resignation in September 2024, a dispute over service fee settlement delayed completion of the handover and associated administrative and regulatory filings. The board stated that, despite the delay in formal dismissal procedures and announcement until October 2025, other experienced staff performed the duties of the company secretary to maintain compliance with listing and legal requirements, and confirmed there were no disagreements with Mr. Wei beyond the fee dispute and no further issues requiring shareholder or exchange attention.

The most recent analyst rating on (HK:0471) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on CMMB Vision Holdings stock, see the HK:0471 Stock Forecast page.

More about CMMB Vision Holdings

Silkwave Inc is a Cayman Islands–incorporated company listed on the Hong Kong Stock Exchange under stock code 471. The company operates within the broader technology and media ecosystem, with a governance structure comprising executive, non-executive and independent non-executive directors overseeing compliance with Hong Kong listing regulations.

Average Trading Volume: 608,696

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$75.56M

Find detailed analytics on 0471 stock on TipRanks’ Stock Analysis page.

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