CITIC Seeks Director to Meet Exchange Rules

CITIC (HK:0267) has released an update.

CITIC Limited has been granted an extension by the Hong Kong Stock Exchange to appoint a new Independent Non-executive Director, following the shortfall created by Mr. Zhang Wenwu’s appointment as an executive director. The company is actively seeking a suitable candidate to fulfill the requirement of having at least one-third of its Board as independent directors by the new deadline of 28 September 2024. CITIC is committed to comply with the Listing Rules and will announce the appointment once a candidate is confirmed.

For further insights into HK:0267 stock, check out TipRanks’ Stock Analysis page.