What happened
On September 3, 2026, Shenzhen Minglida Precision Technology Co., Ltd. (301268.SZ) announced that Han Fang, a director and the company's chief financial officer, recently submitted her resignation due to personal reasons.
Han Fang has stepped down as a director and CFO but will continue to hold other positions at the company. Her original term was set to run until the third board of directors expires on November 10, 2028.
The announcement also noted that Han Fang does not directly hold company shares, and any unvested shares granted under the 2024 restricted stock incentive plan will be handled in accordance with regulations.
Why it matters
The simultaneous loss of both a board member and the CFO could raise questions about transitional stability, but the announcement states the board still meets the legal minimum headcount and operations remain unaffected. This suggests the departure is unlikely to disrupt immediate governance.
Han Fang continuing in other roles indicates the company retains her expertise while the board and finance leadership undergo renewal, which may ease concerns about an abrupt loss of institutional knowledge.
Key facts
Minglida announced on September 3, 2026 that director and CFO Han Fang resigned for personal reasons.
Han Fang continues to hold other positions at the company.
Her original term was until November 10, 2028, when the third board of directors expires.
She does not directly hold shares in the company.
The company will complete a director by-election and CFO selection as soon as possible.
What to watch next
Who will be nominated to fill the vacant director seat and who will be appointed as the new CFO.
How the unvested restricted shares originally granted to Han Fang under the 2024 incentive plan will be handled.