ZhengTong Auto Announces Director Resignation

China Zhengtong Auto Services Holdings (HK:1728) has released an update.

China ZhengTong Auto Services Holdings Limited has announced the resignation of Dr. Wong Tin Yau Kelvin, an independent non-executive Director and the chairman of the audit and remuneration committees, due to his need to focus on other business and personal commitments. The company is now seeking a replacement to comply with Hong Kong Stock Exchange’s listing rules, as his departure left them short of the required number of independent non-executive directors. The Board expressed its gratitude to Dr. Wong for his significant contributions since 2010 and his advocacy for good corporate governance.

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