Zhejiang Expressway Executive Director and General Manager Wu Wei Resigns

Zhejiang Expressway Co ( (HK:0576) ) just unveiled an announcement.

Zhejiang Expressway Co., Ltd. announced that Mr. Wu Wei has resigned from his roles as executive director, general manager and authorized representative, as well as from all other positions within the company and its subsidiaries, effective 6 February 2026, citing personal reasons. The company emphasized that Mr. Wu has no disagreements with the board and that there are no other matters related to his departure requiring shareholder attention, while also expressing appreciation for his service. His resignation leaves Zhejiang Expressway temporarily non-compliant with Hong Kong listing rules that require two authorized representatives, prompting the company to seek a replacement as soon as practicable and to issue a further announcement once the vacancy is filled, underscoring a short-term governance and compliance gap that management must address.

The most recent analyst rating on (HK:0576) stock is a Buy with a HK$7.50 price target. To see the full list of analyst forecasts on Zhejiang Expressway Co stock, see the HK:0576 Stock Forecast page.

More about Zhejiang Expressway Co

Zhejiang Expressway Co., Ltd. is a PRC-incorporated joint stock company listed in Hong Kong, operating in the infrastructure and transportation sector with a focus on expressway-related businesses. The company is governed by a board comprising executive, non-executive and independent non-executive directors, reflecting its role as a major participant in China’s toll road and expressway market.

Average Trading Volume: 6,295,400

Current Market Cap: HK$45.41B

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