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Laopu Gold Sets Formal Terms of Reference for Board Audit Committee

Story Highlights
  • Laopu Gold formalises a non-executive, independent-led Audit Committee with defined composition and expertise requirements.
  • The Audit Committee is mandated to oversee audits, internal controls, risk management and financial reporting, enhancing governance and compliance.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Laopu Gold Sets Formal Terms of Reference for Board Audit Committee

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An announcement from Laopu Gold Co. Ltd. Class H ( (HK:6181) ) is now available.

Laopu Gold Co., Ltd. has formalised the terms of reference for its board Audit Committee, establishing a specialised governance body comprised entirely of non-executive directors, with a majority of independent non-executive directors and at least one member possessing professional accounting or financial management expertise. The document sets out the committee’s mandate to supervise external and internal audits, oversee risk management, internal controls and financial reporting systems, guide internal audit work, coordinate among management, internal audit and external auditors, and undertake broader corporate governance functions, signalling a structured effort to strengthen oversight, transparency and compliance with Hong Kong listing requirements for the benefit of shareholders and other stakeholders.

The most recent analyst rating on (HK:6181) stock is a Hold with a HK$717.00 price target. To see the full list of analyst forecasts on Laopu Gold Co. Ltd. Class H stock, see the HK:6181 Stock Forecast page.

More about Laopu Gold Co. Ltd. Class H

Laopu Gold Co., Ltd. (Stock Code: 6181) is a joint stock company incorporated in the People’s Republic of China with limited liability and listed on the Hong Kong Stock Exchange. The company operates in the gold sector, with its corporate governance and disclosure practices aligned with PRC Company Law, its own Articles of Association, and the Hong Kong Listing Rules.

Average Trading Volume: 973,872

Technical Sentiment Signal: Hold

Current Market Cap: HK$115.4B

For detailed information about 6181 stock, go to TipRanks’ Stock Analysis page.

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