---
title: "Metallurgical Corp of China Announces Planned Exit of Independent Director"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284581640.md"
description: "Metallurgical Corporation of China Ltd. announced the resignation of independent non-executive director Mr. Ng, Kar Ling Johnny, after six years of service, in compliance with regulatory limits. His departure will affect the board's independent director ratio, and his resignation will take effect after a new director is elected within 60 days. The company confirmed there are no disagreements with the board and expressed gratitude for Mr. Ng's service, indicating a governance transition rather than internal conflict."
datetime: "2026-04-29T12:48:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284581640.md)
  - [en](https://longbridge.com/en/news/284581640.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284581640.md)
---

# Metallurgical Corp of China Announces Planned Exit of Independent Director

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Metallurgical Corporation of China Ltd. Class H ( (HK:1618) ) just unveiled an announcement.

Metallurgical Corporation of China Ltd. announced that independent non-executive director Mr. Ng, Kar Ling Johnny has tendered his resignation after serving six consecutive years, in line with regulatory limits and the company’s articles. His departure will also see him step down as chairman of the Audit Committee and as a member of the Sustainable Development Committee, though he will remain in all roles until a successor is elected.

Because Mr. Ng’s exit would reduce the proportion of independent directors below one-third and affect compliance of certain board committees, his resignation will only take effect after shareholders elect a new independent non-executive director within 60 days. The company emphasized that Mr. Ng has no disagreements with the board or issues requiring shareholder attention, and expressed gratitude for his service, signaling a planned governance transition rather than a sign of internal conflict.

**More about Metallurgical Corporation of China Ltd. Class H**

Metallurgical Corporation of China Ltd. is a state-linked engineering and construction group focused on metallurgical engineering, infrastructure and resource development projects, with a significant presence in mainland China and listings in Hong Kong. The company operates under Chinese securities regulations and maintains a board structure that includes executive, non-executive and independent non-executive directors to meet governance requirements.

**Average Trading Volume:** 22,428,212

**Technical Sentiment Signal:** Sell

**Current Market Cap:** HK$63.92B

Learn more about 1618 stock on TipRanks’ Stock Analysis page.

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