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Sino ICT Confirms Independence of Newly Appointed Board Director

Story Highlights
  • Sino ICT confirmed that new independent director Cheung Yik Man satisfies Hong Kong Listing Rules independence criteria.
  • The clarification reinforces Sino ICT’s corporate governance, maintaining board independence and investor confidence unchanged.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Sino ICT Confirms Independence of Newly Appointed Board Director

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An update from Sino ICT Holdings Limited ( (HK:0365) ) is now available.

Sino ICT Holdings has issued a supplementary announcement confirming that newly appointed independent non-executive director Mr. Cheung Yik Man meets the independence criteria set out in Rule 3.13(1) to (8) of the Hong Kong Listing Rules. The clarification underscores the company’s compliance with corporate governance requirements for board independence, while affirming that all other details of the earlier appointment announcement remain unchanged.

By reinforcing Mr. Cheung’s status as an independent director, Sino ICT aims to strengthen investor confidence in its oversight mechanisms and adherence to regulatory standards. The current board composition, including multiple independent non-executive directors, is expected to support balanced decision-making and enhance transparency for shareholders and other market stakeholders.

More about Sino ICT Holdings Limited

Sino ICT Holdings Limited is a Bermuda-incorporated company listed on the Hong Kong Stock Exchange under stock code 00365. The board comprises executive, non-executive and independent non-executive directors, reflecting a typical governance structure for a Hong Kong-listed technology-focused holding company.

Average Trading Volume: 282,153

Technical Sentiment Signal: Sell

Current Market Cap: HK$392.9M

For an in-depth examination of 0365 stock, go to TipRanks’ Overview page.

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