Geekplus Formalises Terms of Reference for Board Nomination Committee

Beijing Geekplus Technology Co. Ltd. Class H ( (HK:2590) ) has issued an update.

Beijing Geekplus Technology Co., Ltd. has set out detailed terms of reference for its Board Nomination Committee, a special committee composed mainly of independent non-executive directors, to strengthen its corporate governance framework in compliance with PRC company law and Hong Kong listing rules. The new mandate clearly defines the committee’s composition, appointment and resignation procedures, powers and responsibilities, including reviewing the size and structure of the Board, setting and reviewing criteria and procedures for selecting directors and senior management, sourcing and assessing candidates, and evaluating the independence of independent non-executive directors, signaling a more structured and transparent process for board and senior management appointments that is likely to enhance oversight, investor confidence and alignment with the company’s long-term strategy.

The most recent analyst rating on (HK:2590) stock is a Buy with a HK$35.00 price target. To see the full list of analyst forecasts on Beijing Geekplus Technology Co. Ltd. Class H stock, see the HK:2590 Stock Forecast page.

More about Beijing Geekplus Technology Co. Ltd. Class H

Beijing Geekplus Technology Co., Ltd. is a Hong Kong-listed company that has established formal board committees and governance structures in line with the Company Law of the People’s Republic of China, the Hong Kong Stock Exchange listing rules and its own Articles of Association, indicating a focus on regulated corporate governance and board oversight.

Average Trading Volume: 2,941,270

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$29.9B

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