Anjoy Foods Proposes New Board Line-Up and Revamps Director Pay Structure

The latest announcement is out from Anjoy Foods Group Co., Ltd. Class H ( (HK:2648) ).

Anjoy Foods Group has proposed a new slate of non-employee representative directors for its sixth board term, including executive, non-executive and independent non-executive candidates, to be appointed for three years subject to shareholder approval at an upcoming general meeting. The company stresses that the independent directors meet Hong Kong Listing Rules independence criteria and have no material relationships or shareholdings that could compromise their objectivity.

The board also outlined a revised remuneration framework, setting basic annual salaries for executive and non-executive directors and board fees for independent directors in Mainland China and Hong Kong, with at least half of directors’ pay to be performance-based and aligned with company performance and sustainable development. Until the new board is approved, the existing fifth-session board will continue to discharge its duties, while shareholders will receive a circular detailing the proposals ahead of the vote.

The most recent analyst rating on (HK:2648) stock is a Buy with a HK$91.00 price target. To see the full list of analyst forecasts on Anjoy Foods Group Co., Ltd. Class H stock, see the HK:2648 Stock Forecast page.

More about Anjoy Foods Group Co., Ltd. Class H

Anjoy Foods Group Co., Ltd. is a PRC-incorporated company listed in Hong Kong, operating in the food industry. The group focuses on processed food products for the Chinese market and beyond, leveraging its position as a branded consumer foods manufacturer to capture demand in both domestic and international channels.

Average Trading Volume: 580,266

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$28.95B

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