Guoquan Food Defines Powers of New Audit and Risk Management Committee

Guoquan Food (Shanghai) Company., Ltd. Class H ( (HK:2517) ) has shared an update.

Guoquan Food (Shanghai) Co., Ltd. has established detailed terms of reference for its Board’s Audit and Risk Management Committee to strengthen corporate governance and shareholder protection. The committee, composed mainly of independent non-executive directors with accounting expertise, functions as the audit committee under PRC Company Law and replaces the role of a traditional supervisory committee.

The committee is tasked with overseeing financial reporting, internal and external audits, and the effectiveness of risk management and internal controls across the Group. It will recommend the appointment and removal of external auditors, monitor their independence, set policies on non-audit services, and coordinate with management to ensure rigorous review and transparent disclosure of the company’s financial information.

The most recent analyst rating on (HK:2517) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on Guoquan Food (Shanghai) Company., Ltd. Class H stock, see the HK:2517 Stock Forecast page.

More about Guoquan Food (Shanghai) Company., Ltd. Class H

Guoquan Food (Shanghai) Co., Ltd. is a China-based food company listed in Hong Kong, operating through a group structure. It focuses on producing and selling food products, and as a listed enterprise it is subject to mainland corporate law and Hong Kong Listing Rules, requiring robust governance, risk management, and disclosure practices for its stakeholders.

Average Trading Volume: 15,640,687

Technical Sentiment Signal: Buy

Current Market Cap: HK$11.95B

For an in-depth examination of 2517 stock, go to TipRanks’ Overview page.