China Evergrande New Energy Vehicle Group Limited (EVERG VEHICLE, HKEX: 00708) has announced a comprehensive reshuffle of its governance structure effective 27 July 2026.
Five new directors have been brought in: 1. Chan Lok Yin joins as Non-Executive Director and becomes a member of the Nomination Committee. 2. Lo Ka Ki is appointed Independent Non-Executive Director (INED) and takes the chair of the Audit, Nomination, Remuneration and Corporate Governance Committees. 3. Chan Hing Fung becomes INED and sits on the Audit, Nomination, Remuneration and Corporate Governance Committees. 4. Lui Sze Ho joins as INED and member of the Audit Committee. 5. Executive Director Ma Kin Ling is elevated to Board Chairman and joins the Remuneration and Corporate Governance Committees.
All new directors have signed one-year letters of appointment and will receive annual remuneration of HK$120,000. Each has confirmed independence under Rule 3.13 of the Listing Rules and holds no shares in the company.
Governance infrastructure has been strengthened with the addition of Pang Wai Ho as Company Secretary and, together with Chairman Ma, as Authorised Representative under Rule 3.05.
As a result of these appointments, EVERG VEHICLE now meets multiple Hong Kong Listing Rule requirements, including: • Minimum of three INEDs (Rule 3.10(1)); • At least one INED with accounting expertise (Rule 3.10(2)); • Audit Committee comprising three members with requisite qualifications (Rule 3.21); • Gender diversity on the board (Rule 13.92); • Nomination Committee chaired by an INED (Rule 3.27A); • Qualified company secretary (Rule 3.28); • Two authorised representatives (Rule 3.05).
Trading in EVERG VEHICLE shares has been suspended since 1 April 2025 pending publication of outstanding financial results and fulfilment of previously issued resumption guidance. Suspension will remain in place until further notice.
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