Liaoning Port non-executive director resigns, breaching audit committee rules

Liaoning Port Co., Ltd. announced the resignation of non-executive director Mr. Wang Zhu, effective October 10, 2025, due to an adjustment of work arrangements. Mr. Wang also ceased to be a member of the strategic and sustainable development committee, the audit committee, and the financial management committee, and confirmed no disagreement with the board regarding his resignation.

This resignation reduces the company's audit committee from three to two members, falling below the minimum three required by Rule 3.21 of the Hong Kong Listing Rules. The company is actively seeking a suitable candidate to fill this vacancy and restore compliance as soon as practicable, and in any event within three months, as stipulated by Rule 3.23 of the Listing Rules.

The board expressed gratitude for Mr. Wang's contributions. As of the announcement date, the board comprises executive directors LI Guofeng and WEI Minghui; non-executive directors HUANG Zhenzhou and YANG Bing; and independent non-executive directors LIU Chunyan, CHENG Chaoying, and CHAN Wai Hei.