Mingfa Group (International) Company Limited disclosed that only two mainland subsidiaries are still awaiting local regulatory approval for changes to their respective boards of directors.
The developer has filed all necessary documentation, and the pending approvals are the final step before the subsidiary-level restructuring is fully completed. Since February 2021 the company has issued monthly progress announcements; the latest update dated 29 May 2026 confirms that the restructuring process is now in its closing phase.
Mingfa Group will continue to release monthly statements until the outstanding approvals are obtained. The Hong Kong-listed firm’s current board remains unchanged, comprising Executive Directors Ng Man Fung Walter, Shang Xuan and Huang Zhibin; Non-executive Directors Dr. Lam, Lee G. (Chairman) and Chen Bihua; and Independent Non-executive Directors Lau Kin Hon, Chu Kin Wang Peleus and Chan Sing Lai.
The company secretary responsible for the announcement is Poon Wing Chuen.