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SUNART RETAIL (06808.HK): Huayu has been appointed as the chairman of the Board of Directors.
Gelonghui, March 6 | SUNART RETAIL (06808.HK) announced that, as disclosed in the Board of Directors change announcement, Qin Yuehong has resigned as a non-executive director, as well as a member of the Audit Committee, Nomination Committee, and Remuneration Committee; and Han Liu has resigned as a non-executive director, effective from February 27, 2025 (i.e. the date of delivery of the sale agreement). After the dispatch and publication of the consolidated documents: (i) Huang Mingduan has resigned as Chairman of the Board of Directors, but will remain as a non-executive director and a member of the Nomination Committee and Remuneration Committee until the first deadline for the delivery announcement is published to comply with the provisions of Rule 7 of the Takeover Code.
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SUNART RETAIL (06808.HK): Huayu will be appointed as the Chairman of the Board of Directors.
On February 28, Gelonghui reported that SUNART RETAIL (06808.HK) announced that (1) Qin Yuehong has resigned as a non-executive director and a member of the Audit Committee, Nomination Committee, and Remuneration Committee, effective from the date of the acquisition agreement's completion; (2) Han Liu has resigned as a non-executive director, effective from the date of the acquisition agreement's completion; and (3) Huang Mingduan will resign as Chairman of the Board of Directors, effective immediately after the comprehensive document is issued, but will remain as a non-executive director and a member of the Nomination Committee and Remuneration Committee until the first deadline, to comply with Rule 7 of the Takeover Code and fulfill his role as a member of the Independent Director Committee.
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