Billion Industrial Faces Governance Gap After Death of Independent Director
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Billion Industrial Holdings Ltd. announced the passing of independent director Shih Chun Pi, creating a temporary governance gap as the board and key committees fall out of compliance with Hong Kong Listing Rules. The company plans to appoint replacements within three months and assures that normal operations will not be affected. This situation underscores the importance of board independence and compliance with regulatory standards. Billion Industrial, listed in Hong Kong under stock code 2299, operates under the Hong Kong Stock Exchange’s regulatory framework.
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