China Communications Services Strengthens Governance With Formal Audit Committee Charter

The latest announcement is out from China Communications Services ( (HK:0552) ).

China Communications Services Corporation Limited has adopted a formal Audit Committee Charter that establishes the structure, authority and operating principles of its Board Audit Committee, in line with relevant PRC laws, stock exchange listing rules and the company’s internal governance framework. The charter specifies that the Audit Committee will comprise at least three non-executive directors, the majority of whom must be independent and possess financial, accounting or audit expertise, with the chair being an accounting professional among the independent non-executive directors; it further sets independence safeguards such as a two-year cooling-off period for former partners of the company’s external auditor, defines terms of office aligned with the Board, and outlines detailed procedures for appointment, removal and resignation of committee members, reinforcing protections for all shareholders with particular emphasis on minority investors.

The most recent analyst rating on (HK:0552) stock is a Buy with a HK$5.50 price target. To see the full list of analyst forecasts on China Communications Services stock, see the HK:0552 Stock Forecast page.

More about China Communications Services

China Communications Services Corporation Limited is a China-based provider of telecommunications support services, operating within the information and communications technology (ICT) and telecom infrastructure services industry. The company typically focuses on network construction, maintenance, design, and related technical and project management services for telecom operators and other enterprise customers in domestic and overseas markets.

Average Trading Volume: 7,396,115

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$31.79B

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