Anhui Conch Material Technology Strengthens Governance With New Audit Committee Charter

The latest update is out from Anhui Conch Material Technology Co. Ltd. Class H ( (HK:2560) ).

Anhui Conch Material Technology has formally established an audit committee under its board and set out detailed terms of reference and rules of procedure aimed at strengthening internal control, risk management, audit oversight and governance across the group. The committee, composed entirely of non-executive directors with a majority being independent and chaired by an independent director with professional financial qualifications, is tasked with overseeing the integrity of financial reporting, the effectiveness of internal controls, internal audit performance, risk monitoring, and the appointment and review of external auditors, thereby reinforcing accountability of senior management and aligning the company more closely with Hong Kong and PRC regulatory and corporate governance standards.

The most recent analyst rating on (HK:2560) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on Anhui Conch Material Technology Co. Ltd. Class H stock, see the HK:2560 Stock Forecast page.

More about Anhui Conch Material Technology Co. Ltd. Class H

Anhui Conch Material Technology Co., Ltd., listed in Hong Kong as a PRC joint stock company with limited liability, operates in the materials sector and manages a group structure through its subsidiaries. The company is subject to PRC Company Law and Hong Kong Listing Rules, indicating a focus on regulated capital markets and compliance-driven corporate governance.

Average Trading Volume: 134,457

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$974.2M

For detailed information about 2560 stock, go to TipRanks’ Stock Analysis page.