Broad Homes Industrial (02163.HK): Proposed Removal of Non-executive Director
NewTimeSpace News: On 28 July 2026, Broad Homes Industrial (02163.HK) issued an announcement. The Board of Directors reviewed and passed a resolution to remove Ms. Shi Donghong, Non-executive Director of the Fourth Board of Directors of the Company. The resolution will be submitted to the shareholders’meeting for review and shall take effect only upon approval by the shareholders.
Per the announcement, Ms. Shi Donghong submitted a representation letter, alleging that the Board failed to serve her with core resolutions and supporting annexes (including the independent forensic accounting review report), which breached the principle of natural justice. The Board responded that the omission of the aforesaid documents constituted reasonable measures to safeguard the independence of the forensic investigation and prevent conflicts of interest. Ms. Shi was also granted sufficient time to present her views, and the meeting procedures complied with the Company’s Articles of Association and relevant regulatory requirements.
On the same date, Mr. Hu Wenhan, Non-executive Director, resigned with effect from 28 July, due to revised work arrangements of Hunan Finance Trust Industrial Fund Management Co., Ltd., his nominating shareholder.
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