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China Evergrande NEV Group Faces Compliance Challenge After Director Resignation

Story Highlights
  • Ms. Carina Man Yee Foo resigned from her role as an independent non-executive director.
  • The company is non-compliant with listing rules and seeks new candidates to fill vacancies.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
China Evergrande NEV Group Faces Compliance Challenge After Director Resignation

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An update from China Evergrande New Energy Vehicle Group ( (HK:0708) ) is now available.

China Evergrande New Energy Vehicle Group Limited announced the resignation of Ms. Carina Man Yee Foo as an independent non-executive director, effective August 1, 2025. Her departure leaves the company non-compliant with several Hong Kong Stock Exchange Listing Rules regarding board composition and committee memberships. The company is actively seeking suitable candidates to fill these vacancies and aims to restore compliance within three months.

More about China Evergrande New Energy Vehicle Group

China Evergrande New Energy Vehicle Group Limited is a company incorporated in Hong Kong, focusing on the new energy vehicle industry. It is involved in the development and production of electric vehicles, aiming to capture a significant share of the growing market for sustainable transportation solutions.

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$1.84B

See more insights into 0708 stock on TipRanks’ Stock Analysis page.

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