Evergrande NEV (EVERG VEHICLE): INED Resignation Triggers Multiple HKEX Rule Breaches; Trading Remains Suspended

Bulletin Express07-20

China Evergrande New Energy Vehicle Group Limited (EVERG VEHICLE) announced that Independent Non-Executive Director (INED) Xie Wu stepped down on 20 July 2026. His departure also vacates the chairmanships of the audit, nomination, remuneration and corporate governance committees. Xie cited greater professional commitments in the medical field and confirmed no disagreement with the board.

The resignation leaves the board in breach of several Hong Kong Listing Rules: • Rule 3.10(1) – fewer than three INEDs. • Rule 3.10(2) – no INED with accounting or related financial expertise. • Rule 3.21 – audit committee now has fewer than three members and lacks a qualified INED. • Rule 13.92 – absence of gender diversity on the board. • Rule 3.27A – nomination committee no longer chaired by the board chair or an INED. • Rule 3.28 – no qualified company secretary in place. • Rule 3.05 – fewer than two authorised representatives for HKEX communications.

The company is searching for candidates to restore compliance and will release further announcements when appointments are made.

Trading in Evergrande NEV shares has been suspended since 1 April 2025 pending outstanding financial results and fulfilment of HKEX resumption guidance. The suspension remains in force until further notice.

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

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1174599572?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-07-20 23:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1174599572","market":"us","top_or_hot":-1,"title":"Evergrande NEV (EVERG VEHICLE): INED Resignation Triggers Multiple HKEX Rule Breaches; Trading Remains Suspended","media":"Bulletin Express","content":"<p>China Evergrande New Energy Vehicle Group Limited (EVERG VEHICLE) announced that Independent Non-Executive Director (INED) Xie Wu stepped down on 20 July 2026. His departure also vacates the chairmanships of the audit, nomination, remuneration and corporate governance committees. Xie cited greater professional commitments in the medical field and confirmed no disagreement with the board.</p>\n<p>The resignation leaves the board in breach of several Hong Kong Listing Rules:\n• Rule 3.10(1) – fewer than three INEDs.  \n• Rule 3.10(2) – no INED with accounting or related financial expertise.  \n• Rule 3.21 – audit committee now has fewer than three members and lacks a qualified INED.  \n• Rule 13.92 – absence of gender diversity on the board.  \n• Rule 3.27A – nomination committee no longer chaired by the board chair or an INED.  \n• Rule 3.28 – no qualified company secretary in place.  \n• Rule 3.05 – fewer than two authorised representatives for HKEX communications.</p>\n<p>The company is searching for candidates to restore compliance and will release further announcements when appointments are made.</p>\n<p>Trading in Evergrande NEV shares has been suspended since 1 April 2025 pending outstanding financial results and fulfilment of HKEX resumption guidance. The suspension remains in force until further notice.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Evergrande NEV (EVERG VEHICLE): INED Resignation Triggers Multiple HKEX Rule Breaches; Trading Remains Suspended</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEvergrande NEV (EVERG VEHICLE): INED Resignation Triggers Multiple HKEX Rule Breaches; Trading Remains Suspended\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1053168898\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Bulletin Express </p>\n<p class=\"h-time\">2026-07-20 23:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>China Evergrande New Energy Vehicle Group Limited (EVERG VEHICLE) announced that Independent Non-Executive Director (INED) Xie Wu stepped down on 20 July 2026. His departure also vacates the chairmanships of the audit, nomination, remuneration and corporate governance committees. Xie cited greater professional commitments in the medical field and confirmed no disagreement with the board.</p>\n<p>The resignation leaves the board in breach of several Hong Kong Listing Rules:\n• Rule 3.10(1) – fewer than three INEDs.  \n• Rule 3.10(2) – no INED with accounting or related financial expertise.  \n• Rule 3.21 – audit committee now has fewer than three members and lacks a qualified INED.  \n• Rule 13.92 – absence of gender diversity on the board.  \n• Rule 3.27A – nomination committee no longer chaired by the board chair or an INED.  \n• Rule 3.28 – no qualified company secretary in place.  \n• Rule 3.05 – fewer than two authorised representatives for HKEX communications.</p>\n<p>The company is searching for candidates to restore compliance and will release further announcements when appointments are made.</p>\n<p>Trading in Evergrande NEV shares has been suspended since 1 April 2025 pending outstanding financial results and fulfilment of HKEX resumption guidance. The suspension remains in force until further notice.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00708","symbol_name":"恒大汽车","start_time":0,"source_url":"","article_id":"1174599572","we_media_id":"1053168898","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1174599572","pubTimestamp":1784559644,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Bulletin Express","introduction":"Full Coverage of HK & US Stock Announcements","home_visible":1,"id":"1053168898","head_image":"https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e"},"summary":"China Evergrande New Energy Vehicle Group Limited (EVERG VEHICLE) announced that Independent Non-Executive Director (INED) Xie Wu stepped down on 20 July 2026. His departure also vacates the...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"00708":"恒大汽车"},"translate_title":"恒大新能源汽车（EVERG VEHICLE）：独立非执行董事辞职引发多项违反港交所规则；交易仍暂停","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00708":1},"content_text":"China Evergrande New Energy Vehicle Group Limited (EVERG VEHICLE) announced that Independent Non-Executive Director (INED) Xie Wu stepped down on 20 July 2026. His departure also vacates the chairmanships of the audit, nomination, remuneration and corporate governance committees. Xie cited greater professional commitments in the medical field and confirmed no disagreement with the board.\nThe resignation leaves the board in breach of several Hong Kong Listing Rules:\n• Rule 3.10(1) – fewer than three INEDs.  \n• Rule 3.10(2) – no INED with accounting or related financial expertise.  \n• Rule 3.21 – audit committee now has fewer than three members and lacks a qualified INED.  \n• Rule 13.92 – absence of gender diversity on the board.  \n• Rule 3.27A – nomination committee no longer chaired by the board chair or an INED.  \n• Rule 3.28 – no qualified company secretary in place.  \n• Rule 3.05 – fewer than two authorised representatives for HKEX communications.\nThe company is searching for candidates to restore compliance and will release further announcements when appointments are made.\nTrading in Evergrande NEV shares has been suspended since 1 April 2025 pending outstanding financial results and fulfilment of HKEX resumption guidance. The suspension remains in force until further notice.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"SGX","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.47.1","shortVersion":"4.47.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1174599572","isCrawlerRequest":true}