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Wai Chun Group Faces Compliance Challenge After Director Resignation

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Wai Chun Group Faces Compliance Challenge After Director Resignation

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Wai Chun Group Holdings Limited ( (HK:1013) ) has issued an update.

Wai Chun Group Holdings Limited announced the resignation of Ms. Kung Ying Tung from her role as an Independent Non-Executive Director, as well as her positions on the company’s audit, remuneration, and nomination committees. This resignation has resulted in the company being non-compliant with certain Hong Kong Stock Exchange Listing Rules, as they now lack the minimum required number of independent directors with appropriate qualifications. The company is actively seeking suitable candidates to fill these vacancies within the stipulated three-month period to meet regulatory requirements.

More about Wai Chun Group Holdings Limited

YTD Price Performance: -23.33%

Average Trading Volume: 123,076

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: HK$24.6M

For a thorough assessment of 1013 stock, go to TipRanks’ Stock Analysis page.

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