CXI Loses Only Independent Director, Board Independence Falls to Zero, Raising Governance Concerns
Independent director LU GUANG resigned voluntarily on June 2, 2026, citing personal reasons.
As a result, the total number of registered directors falls from 4 to 3, and the proportion of outside directors drops from 25% to 0%, eliminating board independence entirely.
The company plans to appoint a new independent director at the next general meeting as required by law, but until then, the board will lack external oversight.
[AI Summary]The departure of the sole independent director leaves the board with zero independent members, weakening checks on management and posing risks to minority shareholder protections. This governance gap may lead to a valuation discount for the stock, especially given the company's small-cap status.
KOSDAQ Filing Information
Filing: Report on Appointment, Dismissal or Mid-Term Resignation of Outside Directors
Company: CXI Healthcare Technology Group (900120)
Submission: CXI Healthcare Technology Group Limited