Qian Xun Technology (HKG:1640) removed chairlady and an executive director Wang Xin from her positions effective immediately, a Feb. 28 filing with the Hong Kong bourse said.
Wang Xin failed to timely provide the relevant financial documents and information related to certain Chinese units, hindering the firm's annual audit engagement process.
Wang also failed to cooperate with the board when it authorized a person on Dec. 13, 2024, to collect the relevant financial documents.
In addition, the Chinese advertising firm found, in February 2025, that the legal representatives of several Chinese units have been changed to Wang Xin without proper authorization from the board.
The firm will continue to conduct an investigation into Wang's actions and seek legal advice to determine the appropriate way forward.
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