MINGFA GROUP: The remaining two Chinese subsidiaries have submitted their board change applications to the local regulatory authorities and are awaiting approval

According to the announcement from MINGFA GROUP, there is an update regarding the restructuring proposals of the boards of directors of its Chinese subsidiaries. As of the date of this announcement, the other two Chinese subsidiaries have submitted their board member change applications to the local regulatory authorities and are awaiting approval. The restructuring proposals at the subsidiary level will be completed after the local authorities issue the relevant approvals