Kunming Dianchi Water Treatment Co., Ltd. (Stock Code: 3768) recently announced a delay in the despatch of a circular originally slated for release on or before December 1, 2025, regarding the Supplemental Agreement II in relation to a Finance Lease Arrangement. Due to additional time needed for preparing financial data, auditing statements, and other related materials, the revised circular despatch date is expected to be on or before December 5, 2025.
The company also disclosed changes in key corporate positions effective November 28, 2025. The board accepted the resignation of Mr. Chiu Ming King from his roles as company secretary, authorised representative, and process agent. Mr. Chiu confirmed no disagreement with the board or any issue requiring further attention. Concurrently, the board approved the appointment of Ms. Tsui Sum Yi, an associate of The Hong Kong Chartered Governance Institute and The Chartered Governance Institute, to succeed Mr. Chiu in all three capacities.
A proposed adjustment to the remuneration of independent non-executive director (INED) Mr. Zha Guiliang was also revealed. Subject to shareholder approval at the forthcoming Extraordinary General Meeting (EGM), Mr. Zha’s annual remuneration will be adjusted from RMB150,000 (before tax) to RMB96,000 (before tax). A separate circular, including details of the proposed remuneration adjustment, will be published in due course.
Further changes to the board composition involve the resignation of INED Ms. Zheng Dongyu, who left her position on November 28, 2025, citing personal arrangements. Following her departure, the board no longer meets the minimum number of independent directors required by the Listing Rules. To fill the vacancy, the board proposed appointing Ms. Fu Jifang—a senior accountant with extensive finance experience—as an INED, subject to approval at the EGM. Ms. Fu’s proposed annual remuneration will be RMB96,000 (before tax).
Additional information on the proposed appointment of Ms. Fu will be included in a circular to be released on the websites of the Stock Exchange and the company. Shareholders will have the opportunity to vote on Ms. Fu’s appointment at the upcoming EGM.