Star Group Asia Limited (01560.HK): Extension of Deadline for Appointing Independent Non-executive Director, Vacancy to Be Filled by 30 September

NewTimeSpace News: Star Group Asia Limited announced on 31 July that following the resignation of Mr. Huang Weiguang as Independent Non-executive Director, the number of Independent Non-executive Directors on the Board has dropped to two, failing to meet the Listing Rules requirement of a minimum of three. The Company expects to complete the appointment of a new Independent Non-executive Director within the grace period (on or before 30 September 2026).

NewTimeSpace News: On 31 July 2026, Star Group Asia Limited (01560.HK) issued an announcement. After Mr. Huang Weiguang stepped down as Independent Non-executive Director, the Board comprises three Executive Directors, one Non-executive Director and two Independent Non-executive Directors, which is not in compliance with Rules 3.10(1), 3.21, 3.25 and 3.27 of the Listing Rules.

Star Group Asia Limited stated that it will make every practicable effort to fill the vacancy and expects to appoint a new Independent Non-executive Director on or before the grace period deadline of 30 September 2026.

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