Director Resigns from Rare Earth Magnesium Tech Group

Rare Earth Magnesium Technology Group Holdings Ltd. (HK:0601) has released an update.

Rare Earth Magnesium Technology Group Holdings Ltd. has announced the resignation of Mr. Lin Pengxuan from his role as an independent non-executive director and member of various committees, effective from September 23, 2024. The company acknowledges his valuable contributions and is now seeking a replacement to fulfill the Listing Rules’ requirements within three months. This change has left the company temporarily non-compliant with certain Listing Rules regarding independent non-executive directors and audit committee members.

For further insights into HK:0601 stock, check out TipRanks’ Stock Analysis page.