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Ta Yang Reshapes Board With New Independent Directors After Resignation

Story Highlights
  • Ta Yang Group’s independent non-executive director Dr. Feng Xin resigned and left key board committees.
  • The company appointed finance veteran Zhang Li and Datuk Dr. Xie Jun as new independent non-executive directors to restore listing rule compliance.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Ta Yang Reshapes Board With New Independent Directors After Resignation

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Ta Yang Group Holdings Limited ( (HK:1991) ) has provided an update.

Ta Yang Group Holdings Limited announced the resignation of independent non-executive director Dr. Feng Xin, who is stepping down to focus on personal affairs and other business commitments and will also cease to serve on the company’s audit, remuneration and nomination committees. The board simultaneously appointed two new independent non-executive directors, finance and capital-markets specialist Mr. Zhang Li and Datuk Dr. Xie Jun, to strengthen its governance structure and restore compliance with Hong Kong listing requirements on board and committee composition, signaling continuity in oversight for shareholders and other stakeholders.

The most recent analyst rating on (HK:1991) stock is a Sell with a HK$0.68 price target. To see the full list of analyst forecasts on Ta Yang Group Holdings Limited stock, see the HK:1991 Stock Forecast page.

More about Ta Yang Group Holdings Limited

Ta Yang Group Holdings Limited is a Cayman Islands-incorporated company listed on the Main Board of the Hong Kong Stock Exchange. The group operates through various subsidiaries, though this announcement focuses on its corporate governance and board composition rather than specific products or services. It is subject to Hong Kong listing regulations governing board structure, independence, and committee arrangements.

Average Trading Volume: 821,913

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$135.9M

Learn more about 1991 stock on TipRanks’ Stock Analysis page.

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