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An announcement from Jiangsu Horizon Chain Supermarket Company Limited Class H ( (HK:2625) ) is now available.
Jiangsu Horizon Chain Supermarket Company Limited has formally established an Audit Committee of its board of directors and adopted detailed terms of reference to reinforce board decision-making, internal control and overall corporate governance. The committee, composed entirely of non-executive directors with a majority being independent non-executive directors, is tasked with reviewing the company’s financial position and disclosures, overseeing internal and external audit arrangements, evaluating the effectiveness of internal controls and risk management for significant investment projects, and reporting its work to the board. The rules set professional qualification requirements, independence safeguards—such as cooling-off periods for former audit firm partners—and procedures for nomination, appointment, tenure and resignation of committee members, signaling a more rigorous governance structure aimed at enhancing transparency and protecting shareholder interests.
More about Jiangsu Horizon Chain Supermarket Company Limited Class H
Jiangsu Horizon Chain Supermarket Company Limited is a PRC-incorporated joint stock company listed in Hong Kong that operates in the retail supermarket sector, focusing on chain-store operations. The company is subject to the Hong Kong Listing Rules and related corporate governance requirements, and is strengthening its internal control and governance framework in line with international best practices for listed retailers.
Average Trading Volume: 1,427,276
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$992M
For a thorough assessment of 2625 stock, go to TipRanks’ Stock Analysis page.