Shanghai XNG Holdings Limited (3666) disclosed that an independent non-executive director resigned, effective 3 March 2026. The departing director, originally serving as chairman of the remuneration committee and member of the audit, nomination, and risk management committees, indicated that the resignation was for personal reasons.

After this change, the board consists of seven directors, including two independent non-executive directors, which does not meet the Hong Kong listing requirement of having at least three independent non-executive directors. The audit committee also falls below the minimum of three members required by the Listing Rules. The board will seek a qualified replacement within three months to reestablish compliance.