Shimao Services Granted HKEX Waiver, Deadline to Fill INED Vacancy Extended to 17 September 2026

Bulletin Express

Jun 25

Shimao Services Holdings Limited announced that it has secured a waiver from The Stock Exchange of Hong Kong Limited, extending the deadline to appoint a new Independent Non-executive Director (INED) to 17 September 2026.

The extension follows the resignation of Mr. Gu Yunchang on 18 March 2026, which left the Board with two INEDs—below the minimum required under Listing Rules 3.10(1) and 3.21—and rendered the Nomination Committee non-compliant with Rule 3.27A. The company clarified that it remains compliant with Rules 3.10A and 3.25.

Management stated that despite actively searching over recent months for candidates with suitable competencies, expertise, and independence, additional time is needed to complete the selection and nomination process. The Board, currently comprising two Executive Directors and two INEDs, will continue to prioritise the appointment and issue further announcements when appropriate.

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