Dongguan Bank Strengthens Governance with New Audit Committee

Dongguan Rural Commercial Bank Co Ltd Class H (HK:9889) has released an update.

The Dongguan Rural Commercial Bank Co., Ltd. has established an audit committee to enhance board decision-making, ensure effective supervision of senior management, and improve corporate governance. The committee, consisting of non-executive directors with a majority being independent ones, is responsible for overseeing internal and external audits, and has the necessary resources to fulfill its duties. Committee members, including a chairman who is an independent director, are appointed by the Board of Directors and serve terms concurrent with the Board.

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