<p>Ming Pao reported, citing information from the Companies Registry, that Zheng Zhigang, the former vice chairman of New World Development, resigned from his position as a director of Chow Tai Fook Enterprises, which is privately held by the family, on June 30. Zheng Zhigang also resigned from his positions as a director of K11 Group and K11 Concepts, both under New World Development, last November. Zheng Zhigang's wife, Zheng Yuyao, has also left Chow Tai Fook Education. The report states that after Zheng Zhigang left the board of the listed New World Development in July this year, the couple has completely relinquished all positions in the Zheng family company</p>

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<p>Ming Pao reported, citing information from the Companies Registry, that Zheng Zhigang, the former vice chairman of New World Development, resigned from his position as a director of Chow Tai Fook Enterprises, a privately held company under the family. Zheng Zhigang also resigned from his director positions at K11 Group and K11 Concepts, both under New World Development, in November last year. His wife, Zheng Yuya, has also left Chow Tai Fook Education. The report states that after Zheng Zhigang left the board of the listed New World Development in July this year, the couple has completely relinquished all positions in the Zheng family companies</p>

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