Zhongsheng Group announces audit committee changes, new director

Zhongsheng Group Holdings Limited disclosed the resignation of Ying Wei as an independent non-executive director and chairman of the audit committee, effective December 19, 2025. Ying, who served on the board for over nine years, confirmed no disagreement with the board regarding his departure. The company expressed gratitude for his contributions.

Concurrently, Bai Fengjiu has been appointed as an independent non-executive director and the new chairman of the audit committee, also effective December 19, 2025. Bai brings extensive experience from his roles at the Dalian Municipal Office of the State Administration of Taxation, PricewaterhouseCoopers, and Deloitte. He holds a diploma in taxation and a bachelor's degree in the field.

Bai’s appointment will initially run until the company's 2026 annual general meeting, with potential for a three-year extension upon re-election. He will receive a director’s fee of HK$350,000 per annum, subject to review. The company confirmed Bai's independence in line with Listing Rules criteria, with no past or present financial interests with the group or core connected persons.