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