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Zhongsheng Group Revamps Audit Committee Leadership With New Independent Director

Story Highlights
  • Zhongsheng announced the resignation of independent director Ying Wei, its audit committee chair.
  • The company appointed tax expert Bai Fengjiu as new independent director and audit committee chairman.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Zhongsheng Group Revamps Audit Committee Leadership With New Independent Director

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The latest update is out from Zhongsheng Group Holdings Ltd. ( (HK:0881) ).

Zhongsheng Group Holdings Limited has announced a change in its board composition, with long-serving independent non-executive director and audit committee chairman Ying Wei resigning after more than nine years on the board, with the company emphasizing there is no disagreement or issues requiring shareholder attention related to his departure. The company has appointed tax specialist Bai Fengjiu as an independent non-executive director and the new chairman of the audit committee, effective 19 December 2025; his background includes senior tax advisory roles at PricewaterhouseCoopers and Deloitte, and he will serve until the 2026 annual general meeting with eligibility for a three-year extension, a move that reinforces the board’s financial oversight and governance capabilities by adding deep tax and compliance expertise.

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 that operates through a group structure, though this announcement focuses on its corporate governance and board composition rather than its specific operating businesses or markets.

Average Trading Volume: 6,897,308

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$26.29B

For detailed information about 0881 stock, go to TipRanks’ Stock Analysis page.

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