Central China Management Company Limited announced a board reshuffle effective 3 June 2026. Independent non-executive director (INED) Xu Ying will resign to focus on other business commitments. His departure also ends his roles as chair of the Remuneration Committee and member of both the Audit and Nomination Committees.
To fill the vacancies, the board has appointed: • Zhang Xuejun, 60, as INED, chair of the Remuneration Committee and member of the Audit Committee. • Wang Zhe, 44, as INED and member of the Audit, Remuneration and Nomination Committees.
Additional committee adjustments effective the same date include: • Liu Lin exiting the Nomination Committee. • Pei Gang joining the Nomination Committee. • Wang Kai joining the Remuneration Committee.
Both new directors have signed three-year appointment letters, each receiving an annual director’s fee of HK$240,000, subject to periodic review. The company confirms both Zhang and Wang meet all independence criteria under Hong Kong Listing Rules and have no shareholdings in Central China Management.
Zhang brings senior executive experience from Hsin Chong Group Holdings and Sun.King Technology Group, while Wang has held leadership roles at Cheung Kong Graduate School of Business and Sunshine Insurance Group. No other matters require disclosure under Listing Rule 13.51(2).
The board expressed gratitude to Xu Ying for his contributions and welcomed the new directors. The company’s chairman remains Wu Po Sum.
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