Key Points from the Announcement

• SIIC Environment Holdings Ltd. has received a new waiver from the Hong Kong Stock Exchange from strict compliance with Rules 3.28 and 8.17 of the Hong Kong Listing Rules.
• The waiver concerns the appointment of Ms. Kam Mei Ha Wendy as joint company secretary alongside Mr. Lee Wei Hsiung for the period from 18 November 2025 to 13 October 2027.
• This follows a change in the joint company secretary position, requiring the company to apply for continued exemption under the relevant Listing Rules.
• The Stock Exchange granted the waiver on 1 December 2025, subject to specific conditions.

Details of the Waiver and Its Conditions

• During the waiver period, Mr. Lee Wei Hsiung must be assisted by Ms. Kam Mei Ha Wendy.
• The waiver can be revoked by the Stock Exchange if there are any material breaches of the Hong Kong Listing Rules by the company.
• Before the end of the waiver period, the company must demonstrate to the Stock Exchange that Mr. Lee, with Ms. Kam’s assistance, has acquired the necessary experience to discharge the company secretary’s functions under Rule 3.28, so that a further waiver is not required.
• The waiver is specific to Mr. Lee’s appointment as Joint Company Secretary and may be changed or withdrawn if SIIC Environment Holdings Ltd.’s circumstances change.

Biographical Details of the Joint Company Secretaries

Mr. Lee Wei Hsiung

• Practicing certificate holder and associate of the Chartered Secretaries Institute of Singapore (CSIS) since May 2005.
• Head of Corporate Secretarial at In.Corp Global, a leading provider of corporate solutions in Asia Pacific.
• Over 20 years of experience in the corporate secretarial profession, including company registration, IPOs, restructuring, and advisory services.
• Served as company secretary for a wide range of clients: private companies, financial institutions, SGX-listed companies, offshore entities, and not-for-profits.
• Led the corporate secretarial practice at Tricor Singapore for 22 years, overseeing governance and compliance advisory for boards and management.

Ms. Kam Mei Ha Wendy

• Managing Director, Corporate Secretarial Services at InCorp Hong Kong.
• Started her career at Ernst & Young Hong Kong, previously Head of Company Secretarial Services (Service Management) at Vistra, Greater China.
• Over 30 years of experience in corporate secretarial and governance services.
• Named company secretary for various Hong Kong listed companies, providing advisory and consulting services to diverse backgrounds.
• Chartered Secretary and Fellow of both The Hong Kong Chartered Governance Institute (HKCGI) and the Chartered Governance Institute (CGI) UK.
• Holds Practitioner’s Endorsement Certificate from HKCGI.

Potential Share Price Sensitivity and Shareholder Considerations

• This announcement is potentially price sensitive due to the change in key personnel responsible for regulatory compliance and governance, which may affect operational stability and investor confidence.
• The waiver’s conditions and the requirement for Mr. Lee to gain experience under Ms. Kam’s supervision may be scrutinized by regulators and stakeholders.
• Any material breach of Hong Kong Listing Rules or failure to comply with the waiver conditions could result in revocation of the waiver, negatively impacting the company’s governance status and reputation.
• Investors should closely monitor future disclosures regarding Mr. Lee’s experience and the company’s compliance progress before the waiver expires in October 2027.

Board Composition

• Chairman and Executive Director: Mr. Zhou Yuding
• Executive Directors: Mr. Ji Guanglin, Mr. Wang Xiwang, Mr. Yang Xing
• Independent Non-Executive Directors: Dr. Kimmis Pun Kim Ming, Mr. An Hongjun, Mr. Zhong Ming

Conclusion

The granting of a new waiver for the appointment of joint company secretaries is a significant development for SIIC Environment Holdings Ltd. It ensures continuity in compliance with Hong Kong Listing Rules during a transition in key governance roles. Shareholders should pay attention to any updates on governance effectiveness and regulatory compliance, as breaches or failure to meet waiver conditions could have direct implications for the company’s market standing and share price.

Disclaimer: This article is for informational purposes only. It does not constitute investment advice. Investors should conduct their own due diligence and consult their financial advisers before making investment decisions. The author does not guarantee the completeness or accuracy of the information presented, which is based on public disclosures and may be subject to change.

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