On October 26, Shenzhen Transsion Holdings fell 5.45% in Regular Trading, trading at HK$33.66, with turnover of HK$4.5962 million.

The move followed the company’s disclosure that the reelection of its third board of directors has been delayed because preparations for the new board are still under way.

The company said the third board originally expired on October 24, and the terms of board committees and senior management will be correspondingly extended. It also stated that current directors and management will continue performing their duties until the reelection is completed, and that the delay will not affect normal operations. The governance update arrived shortly after the company completed its H-share listing, while a board meeting is scheduled for October 30 to review third-quarter results, making the timing more sensitive for investors.

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