China Tourism Group Duty Free Tightens Nomination Committee Rules to Strengthen Governance

China Tourism Group Duty Free Corporation Limited Class H ( (HK:1880) ) has issued an announcement.

China Tourism Group Duty Free Corporation Limited has amended its Rules of Procedure for the Board’s Nomination Committee, refining the framework governing the selection and oversight of directors and senior management. The updated rules specify the committee’s composition—requiring a majority of independent directors, minimum membership thresholds, gender diversity and alignment of terms with the board—as well as detailed responsibilities, including establishing selection criteria, evaluating candidates’ qualifications and independence, planning board succession, maintaining a skills matrix and board diversity objectives, and supporting regular board performance evaluations, thereby strengthening corporate governance and board effectiveness.

The most recent analyst rating on (HK:1880) stock is a Buy with a HK$90.00 price target. To see the full list of analyst forecasts on China Tourism Group Duty Free Corporation Limited Class H stock, see the HK:1880 Stock Forecast page.

More about China Tourism Group Duty Free Corporation Limited Class H

China Tourism Group Duty Free Corporation Limited is a leading Chinese duty-free retail operator focused on travel retail, selling a wide range of tax-free goods to tourists and travelers through its extensive network of duty-free stores in mainland China and key travel hubs. The company operates within the broader consumer and tourism sectors, leveraging regulatory duty-free policies and growing travel demand to drive its business and maintain a significant position in China’s duty-free and travel retail market.

Average Trading Volume: 4,624,175

Technical Sentiment Signal: Buy

Current Market Cap: HK$199.8B

Learn more about 1880 stock on TipRanks’ Stock Analysis page.