Xin Yuan Enterprises Group Ltd. (HK:1748) has released an update.
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Xin Yuan Enterprises Group Ltd. faces a compliance challenge after the resignation of independent non-executive director Mr. Suen Chi Wai, which leaves the company short of the required number of independent directors and committee members per Hong Kong Stock Exchange rules. The company is actively seeking suitable candidates to fill these roles and restore compliance within three months. Investors should keep an eye on how quickly Xin Yuan resolves this governance issue.
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