Xinte Energy Plans Board Transition With New Independent Director Nominee

Xinte Energy Co., Ltd. Class H ( (HK:1799) ) has provided an announcement.

Xinte Energy Co., Ltd. announced that independent non-executive director Mr. Chen Weiping plans to resign from the board and its strategy, nomination, remuneration and assessment, and audit committees due to health reasons, effective upon the election of a successor at the 2025 annual general meeting, though he will continue to serve until then. The board has proposed appointing semiconductor veteran and academic Professor Johnny Kin On Sin as an independent non-executive director and committee member, signaling a move to strengthen the company’s technical and industry expertise in power semiconductor technology and enhance its corporate governance profile.

Mr. Chen leaves without disagreement with the board, and the company has publicly thanked him for his contributions, indicating a smooth transition that should reassure investors about board stability. Mr. Sin, who leads Ningbo JSAB Semiconductors and has extensive research and industry experience, has confirmed his independence and lack of conflicts of interest under Hong Kong listing rules, supporting regulatory compliance and reinforcing the board’s independent oversight and strategic capabilities.

More about Xinte Energy Co., Ltd. Class H

Xinte Energy Co., Ltd. is a China-based company listed in Hong Kong that operates in the energy sector, with a focus on new energy and related technologies. The company is overseen by a board that includes independent non-executive directors who contribute expertise in strategy, nominations, remuneration, assessment and audit oversight to support its governance and long-term development.

Average Trading Volume: 1,466,648

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$8.37B

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