Two directors to resign from Landing

Landing International Development Limited announced to the Hong Kong Stock Exchange on Wednesday that two of its directors will be resigning.

The two in question, Bao Jinqiao and Mr. Li Mingfa, have served as independent non-executive directors and members of the audit committee, the nomination committee, and the remuneration committee. The reason given for their departure was that “they wish to devote more time for their personal commitments.”

However, as a result of their departure the number of independent non-executive directors and members of the board committees will fall below the minimum number required, and so “the company is in the process of identifying suitable candidates to fill the casual vacancy after their retirement.”