CSSC Offshore & Marine Engineering Tightens Audit Committee Governance Rules

The latest announcement is out from CSSC Offshore & Marine Engineering (Group) Company Limited Class H ( (HK:0317) ).

CSSC Offshore & Marine Engineering has updated and reapproved its Implementation Rules and Regulations for the Audit Committee, most recently amending them at the 18th meeting of the 11th session of the board of directors on 29 December 2025. The revised rules clarify the Audit Committee’s mandate to assist the board in overseeing the company’s financial position, internal control effectiveness, risk management, and environmental, social and governance matters, while strengthening its independence through requirements that all members be non-executive directors, a majority be independent, and at least one have accounting expertise. The document also formalizes nomination and election procedures, terms of office, and the establishment of a dedicated working team to support the committee, underscoring the company’s continued efforts to enhance governance standards, improve decision-making quality and reinforce supervision of management in line with evolving regulatory and listing requirements.

More about CSSC Offshore & Marine Engineering (Group) Company Limited Class H

CSSC Offshore & Marine Engineering (Group) Company Limited is a Chinese listed company operating in the offshore and marine engineering sector, focusing on shipbuilding, offshore engineering equipment and related services. Its shares are listed on multiple stock exchanges, and it is subject to the corporate governance and listing requirements of the PRC Company Law, Shanghai Stock Exchange regulations and other relevant listing rules, reflecting its role as a major player in China’s heavy marine and offshore equipment industry.

YTD Price Performance: 18.65%

Average Trading Volume: 6,830,938

Technical Sentiment Signal: Buy

Current Market Cap: HK$33.83B

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