Mingfa Group Reports Final Phase of PRC Subsidiary Board Restructuring; Two Applications Await Regulatory Approval

Bulletin Express

Sep 29

On 29 September 2026, Mingfa Group (International) Company Limited issued its latest progress update on the multi-year restructuring of the boards of directors across its mainland Chinese subsidiaries.

Since first disclosing the initiative in February 2021, the company has released regular monthly updates. According to the current filing, only two remaining PRC subsidiaries have yet to complete their board changes. Both entities have submitted director-change applications to their respective local regulatory bureaus and now await formal approval. Mingfa Group stated that the overall restructuring will be finalised once these approvals are obtained.

The company reaffirmed its commitment to publish further monthly announcements detailing any material developments related to the subsidiary-level board restructuring.

As of the announcement date, Mingfa Group’s board comprises: • Executive Directors – Ng Man Fung Walter, Shang Xuan, and Huang Zhibin • Non-executive Directors – Dr. Lam, Lee G. (Chairman) and Chen Bihua • Independent Non-executive Directors – Lau Kin Hon, Chu Kin Wang Peleus, and Chan Sing Lai

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