On 5 June 2026, Sterling Group Holdings Limited announced the simultaneous resignation of an executive director and an independent non-executive director, triggering multiple breaches of Hong Kong Listing Rules related to gender diversity and board committee composition.

Executive director Mr. Wang Yunji stepped down from all roles, including authorised representative and Hong Kong process agent, to pursue personal endeavours.

Ms. Zhang Man, already an executive director, has taken over as the company’s authorised representative with immediate effect.

Independent non-executive director Ms. Zhang Yuan also resigned, relinquishing her positions as chairperson of the remuneration committee and member of both the audit and nomination committees.

Following these departures, the board now comprises two executive directors—Ms. Wong Mei Wai Alice (Chairperson & CEO) and Ms. Zhang Man—and two independent non-executive directors, Ms. Chen Jie and Ms. Wu Jing. The all-female composition violates Listing Rule 13.92, which requires gender diversity. In addition, the board falls short of the minimum three independent non-executive directors mandated under Rules 3.10(1) and 3.10A, causing non-compliance in the audit, remuneration, and nomination committees.

The company intends to appoint a suitable male director and at least one additional independent non-executive director within three months, as stipulated by the Listing Rules, and will issue further announcements upon completion of these appointments.