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Lianlian DigiTech Formalizes Audit Committee Mandate to Bolster Governance

Story Highlights
  • Lianlian DigiTech has established detailed terms of reference for its Board Audit Committee to strengthen governance and oversight.
  • The Audit Committee of non-executive directors will oversee internal and external audits, financial reporting and internal controls under Hong Kong and PRC rules.
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Lianlian DigiTech Formalizes Audit Committee Mandate to Bolster Governance

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The latest update is out from Lianlian DigiTech Co., Ltd. Class H ( (HK:2598) ).

Lianlian DigiTech Co., Ltd. has formalized the terms of reference for its Board-level Audit Committee to enhance corporate governance and strengthen oversight of its financial reporting and control environment. The committee, composed entirely of non-executive directors with a majority of independent non-executive directors and at least one member possessing accounting or financial expertise, will be responsible for supervising internal and external audits, reviewing financial reports and disclosures, assessing internal control effectiveness, and proposing the appointment or replacement of external auditors, thereby centralizing supervisory functions previously associated with a supervisory committee and aligning the company more closely with Hong Kong Listing Rules and Chinese regulatory requirements.

The most recent analyst rating on (HK:2598) stock is a Hold with a HK$7.50 price target. To see the full list of analyst forecasts on Lianlian DigiTech Co., Ltd. Class H stock, see the HK:2598 Stock Forecast page.

More about Lianlian DigiTech Co., Ltd. Class H

Lianlian DigiTech Co., Ltd. is a China-based financial technology company that operates in the digital payments and related services sector, focusing on providing technology-driven transaction, settlement and value-added financial services to enterprises and consumers, with its shares listed in Hong Kong as Class H shares.

Average Trading Volume: 2,050,038

Technical Sentiment Signal: Sell

Current Market Cap: HK$7.9B

See more data about 2598 stock on TipRanks’ Stock Analysis page.

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