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Mingfa Group directors resign, replacements named


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Mingfa Group directors resign, replacements named

Qu Wenzhou and Dai Yiyi resigned as independent nonexecutive directors of Mingfa Group (International) Co. Ltd.

Qu also resigned as chairman of the board's audit committee and nomination committee, as well as a member of its remuneration committee, with effect from Aug. 31. Dai stepped down as chairman of the nomination committee and a member of both the audit committee and remuneration committee, effective Sept. 1.

The Chinese property company appointed as independent nonexecutive directors Cosco Shipping Ports Ltd. Deputy Managing Director Wong Tin Yau Kelvin J.P. and Hong Kong Cyberport Management Co. Ltd. Chairman Lam Lee G.

Existing directors Chu Kin Wang Peleus, Lau Kin Hon and Wong Wun Ming were named chair of the audit committee, remuneration committee and nomination committee, respectively. The appointments are effective Sept. 1.