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Shanghai REFIRE Group Proposes Governance Restructuring

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Shanghai REFIRE Group Proposes Governance Restructuring

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Shanghai REFIRE Group Ltd. Class H ( (HK:2570) ) has provided an announcement.

Shanghai REFIRE Group Limited, a joint stock company incorporated in China, has announced its intention to dissolve its Supervisory Committee in compliance with the New Company Law effective July 1, 2024. This move will transfer the duties of the Supervisory Committee to an audit committee composed of directors. Additionally, the company plans to amend its Articles of Association to align with the new legal requirements and improve corporate governance. These changes are subject to shareholder approval at the upcoming 2024 annual general meeting.

More about Shanghai REFIRE Group Ltd. Class H

YTD Price Performance: 1.17%

Average Trading Volume: 70,162

Learn more about 2570 stock on TipRanks’ Stock Analysis page.

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