Wai Chun Bio-Technology Limited Issues Update Announcement on Remedial Measures and Compliance

Key Points for Investors

• Appointment of New Chief Financial Officer (CFO): Wai Chun Bio-Technology Limited has officially appointed a new CFO in February 2026. This executive will directly provide compliance guidance to the Board of Directors, strengthen internal controls, and oversee the implementation of previously announced remedial measures following issues of non-compliance.
• Comprehensive Internal Training for Directors and Management: The Company has conducted internal training sessions for all Directors, senior management, and relevant personnel. These sessions focused on reinforcing their knowledge of Chapters 13, 14, and 14A of the Hong Kong Listing Rules, which cover significant obligations relating to disclosure, connected transactions, and continuing compliance requirements.
• Ongoing Implementation of Remedial Measures: The remedial actions stem from previous non-compliance, and the Company has now reported substantial progress in executing these measures, which were outlined in prior announcements.

Potential Impact on Shareholders and Share Price

• Strengthened Corporate Governance: The appointment of a new CFO and comprehensive compliance training for key personnel are significant steps in improving Wai Chun Bio-Technology Limited’s internal controls and corporate governance. Enhanced governance and compliance typically bolster investor confidence and may positively affect share value.
• Remedial Measures Addressing Non-Compliance: The Company’s swift action to address past non-compliance, including the implementation of remedial measures and transparency about its progress, is likely to be well-received by the market. This can potentially mitigate risks associated with regulatory penalties or reputational damage, both of which are critical for maintaining shareholder value.
• Leadership Changes: The onboarding of a new CFO signals a proactive approach to resolving past shortcomings. Leadership changes, particularly in finance and compliance roles, often have material implications for operational stability and investor sentiment.
• Board Composition: The Board currently comprises one Executive Director (Chairman and CEO: Lam Ka Chun) and three Independent Non-executive Directors (Wong Po Keung, Wang Ziniu, and Xu Huiling), which suggests a balanced governance structure and continued oversight.

Details of the Announcement

Wai Chun Bio-Technology Limited’s announcement provides investors with crucial updates on the Company’s ongoing efforts to address prior non-compliance issues related to a Loan Agreement and associated regulatory requirements. The Company has now appointed a new chief financial officer, tasked with overseeing compliance, strengthening controls, and ensuring the success of remedial measures.

Additionally, the Company has implemented internal training for all Directors, senior management, and relevant staff to ensure robust understanding and adherence to Listing Rules, particularly those governing disclosure and connected transactions. These steps are designed to prevent future lapses and maintain regulatory compliance, which is fundamental to sustaining investor trust and market reputation.

The announcement is signed by Chairman Lam Ka Chun, reaffirming the Board’s commitment to transparency and corporate responsibility.

Conclusion

The actions taken by Wai Chun Bio-Technology Limited to address non-compliance—including leadership changes and enhanced training—are significant and likely to impact investor sentiment. These developments are potentially price sensitive, as improved governance and compliance are key factors influencing share valuation, risk perception, and long-term stability.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research and consult with qualified financial advisors before making any investment decisions. The information provided is based on the latest announcement from Wai Chun Bio-Technology Limited and may be subject to change.

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