Lygend Resources to Replace Joint Company Secretary; Secures HKEX Waiver on Compliance Rules

Bulletin Express03-31 22:24

Lygend Resources & Technology Co., Ltd. (LYGEND RESOURCE, 02245) has announced senior management changes and an extension of a regulatory waiver from The Stock Exchange of Hong Kong Limited (HKEX).

Key Changes Effective 31 March 2026 • Mr. CHOW Shing Lung will resign as Joint Company Secretary, Authorised Representative (Rule 3.05) and Process Agent. • Ms. LEE Hoi Ki, currently with Computershare Hong Kong Investor Services, will assume all three roles on the same date. • Mr. CAO Zheng will remain as the other Joint Company Secretary.

Management Profiles • Ms. LEE brings more than 10 years of company secretarial and corporate-governance experience, holds a master’s degree in corporate governance from The Hong Kong Polytechnic University and is an associate of both The Hong Kong Chartered Governance Institute and The Chartered Governance Institute (UK). • Mr. CAO, Board Secretary since March 2023 and Joint Company Secretary since June 2023, holds degrees in law and management from Ningbo University and a master’s in international business law from the University of Leeds.

HKEX Compliance Waiver • HKEX previously granted a three-year waiver (effective 1 June 2023) under Listing Rules 3.28 and 8.17, allowing Mr. CAO to serve as Joint Company Secretary while gaining relevant experience. • Following Mr. CHOW’s resignation, HKEX has approved a new waiver covering the period from 31 March 2026 to 31 May 2026. Conditions include: – Mr. CAO must be assisted by Ms. LEE during the remaining waiver period. – HKEX may revoke the waiver for any material breach of Listing Rules. • Before the waiver expires, Lygend must demonstrate that Mr. CAO has acquired sufficient experience to fulfill company-secretary requirements independently.

Board Acknowledgement The Board expressed gratitude to Mr. CHOW for his service and welcomed Ms. LEE to her new positions.

Board Composition (announcement date: 31 March 2026) Executive Directors: CAI Jianyong (Chairman), FEI Feng, CAI Jianwei, WANG Ling Non-Executive Director: Lawrence LUA Gek Pong Independent Non-Executive Directors: Dr. HE Wanpeng, ZHANG Zhengping, Dr. WANG James Jixian Employee Representative Director: YU Weijun

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment