Kingfa Sci&Tech Co Ltd600143
▼ NegativeRegulationrelevance
Independent director's death reduces board independence below regulatory threshold, requiring by-election.
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Kingfa Sci&Tech Co LtdKingfa Sci. & Tech. announced that its independent director Zhang Jicheng recently passed away due to a sudden illness after unsuccessful rescue efforts. During his tenure, Zhang Jicheng performed his duties diligently and made positive contributions to the company's compliance operations and risk prevention. Currently, the number of independent directors has decreased to three, falling below one-third of the board members. The company will complete the by-election of independent directors as soon as possible, and production and operating activities remain unaffected.
Kingfa Sci&Tech Co LtdIndependent director's death reduces board independence below regulatory threshold, requiring by-election.