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The latest announcement is out from Luzhou Bank Co., Ltd. Class H ( (HK:1983) ).
Luzhou Bank has revised and formalized the terms of reference for its Board-level Audit Committee for 2025, aligning its structure and operations with China’s corporate law, banking governance codes, and Hong Kong Listing Rules. The updated framework mandates that the Audit Committee comprise three to five non-executive directors, with a majority being independent and one possessing recognized accounting or financial management expertise, and explicitly excludes directors nominated by controlling shareholders and recent partners of the external audit firm to reinforce independence. The document clarifies appointment and removal procedures for committee members and its chairperson, and sets out detailed responsibilities for members, including meeting participation, issue proposal, information access, and time commitment, with logistical support handled by the Board office. These changes are designed to standardize decision-making, strengthen Board oversight of operations and management, and further improve Luzhou Bank’s corporate governance structure, potentially enhancing transparency and confidence among regulators and investors.
The most recent analyst rating on (HK:1983) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on Luzhou Bank Co., Ltd. Class H stock, see the HK:1983 Stock Forecast page.
More about Luzhou Bank Co., Ltd. Class H
Luzhou Bank Co., Ltd. is a Chinese commercial bank whose H-shares are listed on the Hong Kong Stock Exchange. It operates within the banking and financial services industry, providing credit, deposit, and related financial products, and is subject to both mainland Chinese banking regulations and Hong Kong listing requirements, with a focus on strengthening corporate governance in line with regulatory standards.
Average Trading Volume: 4,307,801
Technical Sentiment Signal: Sell
Current Market Cap: HK$5.57B
Learn more about 1983 stock on TipRanks’ Stock Analysis page.