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Minth Group Adds Disclosure on Former CEO’s 2019 Remuneration

Story Highlights
  • Minth Group issued a supplemental announcement to its 2019 report to disclose additional remuneration details for former chief executive officer Chen Bin Bo.
  • The company reported Mr. Chen received RMB3.189 million in 2019 compensation with no inducement or loss-of-office payments, and confirmed all other annual report information is unchanged.
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Minth Group Adds Disclosure on Former CEO’s 2019 Remuneration

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An update from Minth Group ( (HK:0425) ) is now available.

Minth Group Limited has issued a supplemental announcement to its 2019 annual report to provide additional disclosure on the remuneration of former chief executive officer Chen Bin Bo, in compliance with Hong Kong listing requirements. The company disclosed that Mr. Chen, who was appointed CEO on 21 August 2019 and later became an executive director in May 2020 before stepping down in May 2022, received total emoluments of RMB3.189 million for 2019, comprising salary, other benefits, a discretionary or performance-related bonus, and retirement scheme contributions, with no inducement or loss-of-office payments made; the company emphasized that all other information in the 2019 annual report remains unchanged.

The most recent analyst rating on (HK:0425) stock is a Buy with a HK$39.00 price target. To see the full list of analyst forecasts on Minth Group stock, see the HK:0425 Stock Forecast page.

More about Minth Group

Minth Group Limited is a Hong Kong-listed company incorporated in the Cayman Islands and operates through a group structure with various subsidiaries. The company is part of the automotive supply chain, with a board comprising executive, non-executive and independent non-executive directors overseeing its governance and compliance with Hong Kong listing regulations.

Average Trading Volume: 6,597,413

Technical Sentiment Signal: Buy

Current Market Cap: HK$37.31B

See more insights into 0425 stock on TipRanks’ Stock Analysis page.

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