Hong Kong-listed Kangqiao Service Group Limited (KANGQIAO SER) announced a series of top-level changes effective 2 June 2026.

Non-executive director and board chairman Mr. Song Gewei resigned from all positions, citing the need to focus on other business ventures. The board expressed appreciation for his service and confirmed no outstanding issues with his departure.

Mr. Dai Wei, previously an executive director, has been elevated to chairman of the board. Concurrently, Mr. Cai Xiqing, aged 57, joins as executive director and joint president. Mr. Cai brings broad real-estate and property-management experience, holds a Bachelor’s degree in Quantitative Economics and an EMBA, and will receive annual remuneration of RMB 0.80 million plus a discretionary bonus under a three-year service agreement.

Chief Financial Officer duties transfer from Ms. Wang Na, who remains an executive director and company secretary, to Mr. Yang Chunlei. Mr. Yang has been with the group since 2017 and possesses 18 years of auditing, investment and financial-management experience, augmented by CPA, tax agent and asset-appraiser qualifications.

Committee structures were adjusted to reflect the personnel shifts: Mr. Dai now chairs the Nomination Committee; new memberships were assigned across the Audit, Remuneration and Nomination Committees.

To accommodate the required re-election of Mr. Cai, the Annual General Meeting originally set for 16 June 2026 has been postponed to 23 June 2026 at 10:00 a.m., Zhengzhou. Consequently, the share-register closure period moves to 17-23 June 2026, with 17 June 2026 established as the new record date for voting entitlement.

As at the date of the announcement, the board comprises five executive directors—Mr. Dai Wei, Mr. Cai Xiqing, Mr. Kang Weiguo, Ms. Wang Na and Mr. Song Xiangxi—and three independent non-executive directors—Mr. Kam Hou Yin John, Dr. Fan Yun and Mr. Wong Yun Pun.