Zhongsheng Clarifies Governance-Driven Resignation of Long-Serving Independent Director

An update from Zhongsheng Group Holdings Ltd. ( (HK:0881) ) is now available.

Zhongsheng Group Holdings Limited has issued a supplemental announcement clarifying the reasons for the resignation of independent non-executive director and audit committee chairman Mr. Ying, effective 19 December 2025. The company explained that his departure is driven by Hong Kong listing rules, which restrict independent non-executive directors from serving beyond nine years following the conclusion of the relevant annual general meeting, and by Mr. Ying’s desire to devote more time to other commitments. All other information in the earlier announcement on board and committee changes remains unchanged, underscoring the group’s need to refresh its board composition in line with evolving corporate governance requirements while maintaining continuity in its overall governance framework.

The most recent analyst rating on (HK:0881) stock is a Buy with a HK$20.80 price target. To see the full list of analyst forecasts on Zhongsheng Group Holdings Ltd. stock, see the HK:0881 Stock Forecast page.

More about Zhongsheng Group Holdings Ltd.

Zhongsheng Group Holdings Limited is a Hong Kong-listed company incorporated in the Cayman Islands and governed by a board comprising executive, non-executive and independent non-executive directors, reflecting the typical structure of a sizeable, exchange-listed corporate group. Its shares trade on the Main Board of the Stock Exchange of Hong Kong under stock code 881, and the company is subject to Hong Kong’s corporate governance and listing rules, including tenure limits for independent non-executive directors.

Average Trading Volume: 6,729,651

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$27.1B

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