China Energy Engineering Tightens Governance With Revised Audit and Risk Committee Mandate

An update from China Energy Engineering Corp. Ltd. Class H ( (HK:3996) ) is now available.

China Energy Engineering Corporation Limited has formalised updated terms of reference for its Board-level Audit and Risk Committee to strengthen decision-making and enhance its corporate governance framework in line with listing rules in Shanghai and Hong Kong and guidelines for central state-owned enterprises. The revised rules define the committee’s role as a specialised body overseeing communication, supervision and verification of internal and external audits and risk management, stipulate a minimum of three non-executive directors with a majority of independent non-executive directors and at least one member with accounting or financial expertise, and set out clear procedures for nomination, tenure, resignation, replacement and conflict-of-interest safeguards, with the internal audit department designated as the committee’s executive support arm, thereby tightening oversight of financial reporting and risk for stakeholders.

The most recent analyst rating on (HK:3996) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on China Energy Engineering Corp. Ltd. Class H stock, see the HK:3996 Stock Forecast page.

More about China Energy Engineering Corp. Ltd. Class H

China Energy Engineering Corporation Limited is a central state-owned enterprise in China’s energy and infrastructure sector, engaged in engineering, construction, and related services for power and energy projects. The company operates in both mainland China and Hong Kong capital markets, where it is subject to dual listing and corresponding corporate governance and regulatory requirements.

Average Trading Volume: 52,329,954

Technical Sentiment Signal: Buy

Current Market Cap: HK$66.77B

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