Mingfa Group reports near-completion of PRC subsidiary board restructuring; two approvals outstanding

Bulletin Express

Apr 30

Hong Kong-listed Mingfa Group (International) Company Limited announced that its long-running restructuring of the boards of directors at subsidiary level in Mainland China has entered the final stage. As of 30 April 2026, only two remaining PRC subsidiaries have submitted director-change applications that are still awaiting clearance from the respective local regulatory bureaus. Completion of the entire restructuring exercise will follow immediately upon receipt of these approvals.

The company reiterated that it will continue to release monthly updates detailing any material progress on the outstanding approvals.

The announcement was signed by Company Secretary Poon Wing Chuen on behalf of the board. The current board comprises 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.

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