SIIC Environment Holdings Ltd. Receives New Waiver from HKEX: What Investors Need to Know

Key Points from the Announcement

• SIIC Environment Holdings Ltd. (Stock Codes: HKEX: 807, SGX: BHK) has received a new waiver from The Stock Exchange of Hong Kong Limited (HKEX).
• The waiver relates to strict compliance with Listing Rules 3.28 and 8.17 during a specified “remaining waiver period” following a change in joint company secretary.
• The remaining waiver period is from November 18, 2025 to October 13, 2027.
• The new waiver was officially granted by HKEX on December 1, 2025, with specific conditions attached to its validity.

Details of the New Waiver

• The waiver was sought due to a change in joint company secretary, specifically the appointment of Ms. Kam Meixia as joint company secretary.
• During the remaining waiver period, Mr. Li Weixiong (joint company secretary) must receive assistance from Ms. Kam Meixia.
• The waiver can be revoked if the company seriously breaches HKEX Listing Rules.

Background and Management Profiles

Mr. Li Weixiong

• Holds a practicing certificate from the Chartered Secretaries Institute of Singapore (CSIS) and has been a member since May 2005.
• Currently serves as the Head of Company Secretarial at In.Corp Global, a major corporate solutions provider in Asia-Pacific.
• Over 20 years of experience in company secretarial, compliance, IPOs, restructuring, and corporate actions.
• Previously led the company secretarial business at Tricor Singapore for 22 years, managing a professional team and advising boards of directors on compliance and governance.

Ms. Kam Meixia

• Managing Director of TMF Hong Kong Company Secretary Services.
• Started her career at EY Hong Kong; formerly Head of Company Secretarial Services (Service Management) at Vistra Tricor Greater China.
• Over 30 years of experience in company secretarial and governance services; has served as named company secretary for several HK-listed companies.
• Senior member of both the Hong Kong Chartered Governance Institute and the Chartered Governance Institute UK, holding a recognized practitioner certificate from HKCGI.

Implications for Shareholders and Potential Price Sensitivity

• Governance Continuity: The new waiver ensures the company can maintain compliant governance structures during a critical transition period in its company secretary function.
• Risk of Waiver Revocation: Shareholders should note that the waiver is conditional. If SIIC Environment Holdings commits a serious breach of HKEX Listing Rules, the waiver could be revoked, potentially affecting the company’s ability to meet its regulatory obligations and impacting investor confidence and share price.
• Future Compliance: By the end of the waiver period, the company must demonstrate to HKEX that Mr. Li has gained sufficient experience to independently fulfill the company secretary role under Listing Rule 3.28, or risk further regulatory scrutiny.
• Management Stability: Any significant changes in the company secretarial team or non-compliance with the terms of the waiver could lead to changes in the company’s regulatory standing, which may be material to share price.

Current Board Composition

• Chairman & Executive Director: Mr. Zhou Yuding
• Executive Directors: Mr. Ji Guanglin, Mr. Wang Xiwang, Mr. Yang Xing
• Independent Non-Executive Directors: Dr. Pan Jianming, Mr. An Hongjun, Mr. Zhong Ming

Conclusion

The granting of this new waiver by HKEX is a significant development for SIIC Environment Holdings Ltd., ensuring operational continuity and regulatory compliance during a key transition period. However, the conditional nature of the waiver and the requirements for ongoing compliance and skill acquisition by the company secretarial team introduce elements of regulatory risk that could impact shareholder value if not managed appropriately. Investors should monitor further announcements closely as the company approaches the end of the waiver period and as it demonstrates compliance to HKEX.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors are advised to conduct their own due diligence and consult professional advisors before making any investment decisions. The information herein is based on company disclosures and may be subject to change.

View SIIC Environment Historical chart here