Shimao Services (00873.HK): Applies to Extend Deadline for Appointing Independent Non-executive Directors to September 2026

NewTimeSpace News: On 25 June 2026, Shimao Services (00873.HK) issued an announcement. Following the resignation of Mr. Gu Yunchang, an independent non-executive director, the number of the Company’s independent non-executive directors and members of the audit committee fell below the minimum requirements stipulated under Rules 3.10(1) and 3.21 of the Listing Rules. In addition, the composition of the nomination committee failed to comply with the requirements set out in Rule 3.27A.

Shimao Services stated that it has been actively identifying suitable candidates but requires additional time to complete the selection and nomination procedures. The Company has applied to the Stock Exchange for a waiver from strict compliance with the aforesaid rules, securing approval to extend the deadline for filling the vacancy to 17 September 2026.

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