JiaXing Gas Group Formalizes Nomination Committee Mandate to Strengthen Governance

JiaXing Gas Group Co. Ltd. Class H ( (HK:9908) ) has issued an update.

JiaXing Gas Group Co., Ltd. has formally established detailed terms of reference for its board Nomination Committee to regulate the selection and appointment of directors and senior management in line with PRC company law, the Hong Kong Listing Rules and its Articles of Association. The Nomination Committee, which must include at least three directors with a majority being independent non-executive directors and at least one member of a different gender, is tasked with setting procedures and standards for board and senior management appointments, reviewing board structure and composition annually, assessing the independence of independent non-executive directors, and advising on director appointments, reappointments and succession planning for key leadership roles. This move strengthens the company’s corporate governance, formalizes its approach to board composition and diversity, and enhances transparency and oversight for stakeholders by clarifying responsibilities, reporting lines and support mechanisms for the committee.

The most recent analyst rating on (HK:9908) stock is a Hold with a HK$9.00 price target. To see the full list of analyst forecasts on JiaXing Gas Group Co. Ltd. Class H stock, see the HK:9908 Stock Forecast page.

More about JiaXing Gas Group Co. Ltd. Class H

JiaXing Gas Group Co., Ltd. operates in the gas utilities sector, focusing on the supply and distribution of gas and related services in its regional market. As a Hong Kong-listed company, its governance framework is shaped by both PRC company law and the Hong Kong Listing Rules, reflecting an emphasis on regulatory compliance and structured corporate oversight.

Average Trading Volume: 19,965

Technical Sentiment Signal: Buy

Current Market Cap: HK$1.13B

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