HKBN: Yu Shengping resigns as non-executive director and member of the nomination committee
HKBN announced that Ms. Yu Shengping has resigned as a non-executive director and a member of the nomination committee, effective from August 8, 2025. This move is due to Twin Holding Ltd selling its shares in the company to China Mobile Hong Kong Company Limited, after which Twin Holding's shareholding in the company has decreased to approximately 1.02%
According to the announcement from HKBN (01310), Ms. Yu Shengping has submitted her resignation as a non-executive director and a member of the nomination committee, effective from August 8, 2025. This is due to Twin Holding Ltd completing the sale of its shares in the company to China Mobile Hong Kong Company Limited on August 8, 2025, which corresponds to approximately 14.44% of the company's total issued share capital as of the date of this announcement, resulting in Twin Holding holding a number of shares in the company equivalent to approximately 1.02% of the company's issued share capital immediately following that sale
