Luzhou Bank Tightens Governance With 2025 Nomination and Remuneration Committee Mandate

Luzhou Bank Co., Ltd. Class H ( (HK:1983) ) just unveiled an announcement.

Luzhou Bank has revised and formalised the terms of reference for its Nomination and Remuneration Committee under the board of directors for 2025, aligning the committee’s structure and operations with Chinese corporate law, banking governance codes, Hong Kong Listing Rules and the bank’s articles of association. The updated mandate specifies that the committee will comprise three to five directors with a majority of independent directors and no representatives nominated by controlling shareholders, defines appointment and dismissal procedures for members and the chair, and clarifies the committee’s responsibilities for convening meetings, reviewing board nominations and remuneration matters, and ensuring effective governance, signalling a strengthened internal control framework and heightened focus on transparency and board independence for stakeholders.

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 mainland Chinese commercial bank whose H-shares are listed in Hong Kong. As a regional banking institution, it operates under the PRC banking regulatory framework and Hong Kong Listing Rules, focusing on providing financial services while emphasizing compliance, corporate governance and board-level oversight in line with regulatory and market expectations.

Average Trading Volume: 4,307,801

Technical Sentiment Signal: Sell

Current Market Cap: HK$5.57B

For a thorough assessment of 1983 stock, go to TipRanks’ Stock Analysis page.