KAISUN HOLDINGS(08203): Liu Ruiyuan and Wu Zheng resign as independent non-executive directors.

date
20/12/2024
avatar
GMT Eight
KAISUN HOLDINGS (08203) announced that Mr. Liu Ruiyuan has resigned as an independent non-executive director, chairman of the company's audit committee, and a member of the company's remuneration committee and nomination and corporate governance committee, effective from December 20, 2024. The reason for his resignation is that the Hong Kong Stock Exchange issued a "declaration of impairment of investor rights" to the company's only two executive directors on December 10, 2024, causing concerns about the viability of the operations of the company and its subsidiaries. Mr. Wu Zheng has also resigned as an independent non-executive director, chairman of the remuneration committee, chairman of the nomination and corporate governance committee, and a member of the audit committee, for the same reason mentioned above, as the Stock Exchange issued a "declaration of impairment of investor rights" to the company's only two executive directors on December 10, 2024, causing concerns about the viability of the operations of the group.

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