Fu Shou Yuan International Group Limited announced four key developments on 14 August 2026: the addition of three independent non-executive directors (INEDs), related changes to board-level committees, postponement of its 2026 interim results and report, and the continuation of its share-trading suspension.
New independent non-executive directors • Mr Zhao Guangbin (48), Mr Zhou Quan (50) and Ms Qian Qian (41) joined the board as INEDs with immediate effect. • Each has signed a three-year service contract starting 14 August 2026, with monthly remuneration of RMB 20,000. Contracts allow termination by either party on one month’s notice. • All three confirmed independence under Listing Rule 3.13 and hold no shares or connected-party interests in the company.
Enhanced board committee mix • Mr Zhao and Mr Zhou become members of the Audit Committee. • Ms Qian joins the Compliance Committee. • All three will also sit on the Special Investigation Committee, established on 19 March 2026 to oversee the independent investigation, financial risk assessment and compliance review.
Delay of 2026 interim disclosure • Under Listing Rules, the interim results for the six months ended 30 June 2026 were due by 31 August 2026, and the interim report by 30 September 2026. • Ongoing audit work on the 2025 audited annual results is expected to affect preparation of the 2026 interim figures; consequently, publication of both the interim results and report will be postponed. • Management intends to finalise the interim numbers “as soon as practicable” after releasing the 2025 audited annual results.
Trading suspension remains in force • Trading in Fu Shou Yuan shares (stock code 01448) has been suspended since 20 March 2026. • Suspension will continue until further notice, with the company pledging to update the market on resumption arrangements in due course.
Board composition post-appointments Executive Directors: Bai Xiaojiang (Chairman), Wang Jisheng, Ho Man Non-executive Directors: Tan Leon Li-an, Lu Hesheng, Huang James Chih-Cheng Independent Non-executive Directors: Liang Yanjun, Shi Xiaobei, Chen Gui, Ng Michael Chiu Ho, Zhao Guangbin, Zhou Quan, Qian Qian
Investors are advised to exercise caution when dealing in Fu Shou Yuan securities.