---
title: "GF Securities Announces Planned Board Changes as Two Independent Directors Step Down"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/289037453.md"
description: "GF Securities announced that independent directors Leung Shek Ling Olivia and Li Wenjing are resigning after serving six-year terms. Their departures will temporarily reduce the board's independent director ratio below one-third and remove an accounting professional, triggering compliance obligations. Consequently, their resignations take effect only upon the election of replacements at a general meeting. The company pledged to complete by-elections promptly. Analyst ratings remain 'Hold' with a HK$18.40 price target."
datetime: "2026-06-08T10:09:50.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/289037453.md)
  - [en](https://longbridge.com/en/news/289037453.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/289037453.md)
---

# GF Securities Announces Planned Board Changes as Two Independent Directors Step Down

The latest update is out from GF Securities Co ( (HK:1776) ).

GF Securities announced that independent non-executive directors Leung Shek Ling Olivia and Li Wenjing have tendered their resignations after each serving six years, reaching the regulatory limit for independent directors’ consecutive terms. Both directors stated they have no disagreements with the board or management and no issues requiring shareholder or creditor attention.

Their departure would temporarily reduce the proportion of independent directors below one-third of the board and leave the company without an accounting professional among its independent directors, triggering compliance obligations. As a result, their resignations will only take effect once new independent non-executive directors are elected at a general meeting, and the company has pledged to complete the by-election promptly to restore full regulatory compliance and board balance.

The most recent analyst rating on (HK:1776) stock is a Hold  
with a HK$18.40 price target.  
To see the full list of analyst forecasts on GF Securities Co stock,  
see the HK:1776 Stock Forecast page.

**More about GF Securities Co**

GF Securities Co., Ltd. is a Chinese securities firm listed in Hong Kong, operating within the financial services industry. The company provides investment banking, brokerage, and related capital markets services to investors, and is governed by both mainland Chinese and Hong Kong regulatory frameworks.

**Average Trading Volume:** 7,887,098

**Current Market Cap:** HK$159.1B

For an in-depth examination of 1776 stock, go to TipRanks’ Overview page.

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