Xingda Executive Director Resigns as Board Works to Restore Full Listing Compliance

Xingda International Holdings ( (HK:1899) ) has shared an update.

Xingda International Holdings announced that executive director Ms. Wang Yu has resigned effective 16 April 2026 to focus on personal and other business commitments, with the board noting she has no disagreement with its members and expressing gratitude for her contributions during her tenure. Following her departure and the earlier resignation of independent non-executive director Ms. Xu Chunhua, the company has restored compliance with one board composition rule but remains in breach of several Hong Kong listing requirements and plans to appoint new independent non-executive directors to address the remaining non-compliance.

The board currently consists of four executive directors and two independent non-executive directors, which satisfies Rule 3.10A on the proportion of independent directors but leaves gaps in requirements relating to the number and roles of independent non-executive directors on key board committees. The company has committed to making further announcements when it appoints additional independent non-executive directors, signaling ongoing adjustments to its governance structure to meet regulatory standards and reassure investors about its adherence to listing rules.

More about Xingda International Holdings

Xingda International Holdings Limited is a company incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange. The group operates through a board comprising executive and independent non-executive directors, reflecting a typical governance structure for a Hong Kong-listed industrial or manufacturing enterprise.

Average Trading Volume: 1,274,290

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$2.33B

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