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Lianlian DigiTech Sets Formal Mandate for Board Remuneration and Assessment Committee

Story Highlights
  • Lianlian DigiTech has set up a Remuneration and Assessment Committee to standardise performance and pay for directors and senior management.
  • The committee, dominated by independent directors, will oversee fair, compliant remuneration and evaluations, strengthening corporate governance and accountability.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Lianlian DigiTech Sets Formal Mandate for Board Remuneration and Assessment Committee

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Lianlian DigiTech Co., Ltd. Class H ( (HK:2598) ) just unveiled an announcement.

Lianlian DigiTech Co., Ltd. has established a Remuneration and Assessment Committee under its board of directors, with formal terms of reference designed to standardise performance evaluation and remuneration management for directors and senior management. The committee, composed of three directors including two independent non-executive directors and chaired by an independent non-executive director, is tasked with setting performance evaluation criteria, conducting annual assessments, formulating and reviewing remuneration policies and packages, and overseeing implementation of the company’s remuneration system, while ensuring no director participates in decisions on their own pay. These measures align the company with PRC and Hong Kong regulatory requirements and are intended to enhance transparency, fairness and accountability in pay and performance oversight, reinforcing Lianlian DigiTech’s corporate governance and board independence for shareholders and other stakeholders.

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 technology company listed in Hong Kong, operating under the regulatory frameworks of the PRC Company Law, Securities Law and Hong Kong Listing Rules. The company is focused on strengthening its corporate governance structure through formalised board committees and clearly defined oversight of directors and senior management, in line with requirements for domestic companies offering and listing securities overseas.

Average Trading Volume: 2,050,038

Technical Sentiment Signal: Sell

Current Market Cap: HK$7.9B

For a thorough assessment of 2598 stock, go to TipRanks’ Stock Analysis page.

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