Huitongda Sets Up Audit Committee to Bolster Governance and Financial Oversight

An update from Huitongda Network Co., Ltd. Class H ( (HK:9878) ) is now available.

Huitongda Network Co., Ltd. has established an audit committee under its board of directors in accordance with PRC company law, Hong Kong Listing Rules, the Corporate Governance Code and related professional guidance, with the aim of strengthening board decision-making, enhancing internal controls and improving its overall corporate governance structure. The committee, composed entirely of non-executive directors with a majority of independent non-executive directors and chaired by an independent director, is mandated to review the company’s financial position and disclosures, oversee and liaise with external auditors, supervise internal audit and internal control systems, and conduct risk assessments on major investment projects, thereby centralising financial oversight and reinforcing protection for shareholders and other stakeholders.

The most recent analyst rating on (HK:9878) stock is a Hold with a HK$11.50 price target. To see the full list of analyst forecasts on Huitongda Network Co., Ltd. Class H stock, see the HK:9878 Stock Forecast page.

More about Huitongda Network Co., Ltd. Class H

Huitongda Network Co., Ltd. is a joint stock company incorporated in the People’s Republic of China and listed in Hong Kong (stock code: 9878). The company operates under China’s Company Law and the Hong Kong Listing Rules, and is structured with a board of directors and specialised committees to support its corporate governance and internal control framework.

Average Trading Volume: 644,499

Technical Sentiment Signal: Sell

Current Market Cap: HK$5.76B

For a thorough assessment of 9878 stock, go to TipRanks’ Stock Analysis page.