Mingfa Group (International) Company Limited announced on 31 July 2026 that its multi-year effort to overhaul the boards of its mainland Chinese subsidiaries is nearing completion. According to the filing, applications to replace directors at the last two remaining PRC subsidiaries have been lodged with the respective local regulatory bureaus and are currently awaiting approval.

The company has issued regular monthly updates on this restructuring since February 2021. Management confirmed that the process will be fully completed once the two pending approvals are granted. Mingfa plans to continue providing monthly progress disclosures until the restructuring is finalized.

Board composition at the Hong Kong-listed parent remains unchanged: 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.