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Wai Hung Group Holdings Faces Board Resignations and Compliance Challenge

Story Highlights
  • Wai Hung Group Holdings announced the resignation of two independent non-executive directors.
  • The company is now non-compliant with listing rules and is seeking new independent directors.
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Wai Hung Group Holdings Faces Board Resignations and Compliance Challenge

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The latest announcement is out from Wai Hung Group Holdings Ltd. ( (HK:3321) ).

Wai Hung Group Holdings Limited announced the resignation of two independent non-executive directors, Mr. Lai Chi Leung and Mr. Koh Kwing Chang, effective June 2, 2025, due to their decision to focus on other business commitments. The company expressed gratitude for their contributions and has appointed Ms. Tung Chin and Ms. Mak Wei Ting Josephine to new roles within the board committees. However, the company now faces non-compliance with Rule 3.10A of the Listing Rules, which requires at least one-third of the board to be independent non-executive directors. Wai Hung Group Holdings is actively seeking suitable candidates to fill these positions to regain compliance.

More about Wai Hung Group Holdings Ltd.

Average Trading Volume: 15,503,174

Technical Sentiment Signal: Sell

Current Market Cap: HK$38.15M

Find detailed analytics on 3321 stock on TipRanks’ Stock Analysis page.

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