ZhongAn Insurance Gains Extension for Director Appointment

ZhongAn Online P & C Insurance Co., Ltd (HK:6060) has released an update.

ZhongAn Online P & C Insurance Co., Ltd has received a waiver from the Hong Kong Stock Exchange, allowing more time to appoint an independent non-executive Director, ensuring compliance with board composition rules. The company awaits the National Financial Regulatory Administration’s approval of Mr. Stanley Chiu Fai Choi’s director’s qualification, which is still under review. If approved, this will re-establish the board’s adherence to the required one-third independent directorship, with a further announcement to follow.

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