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Shenzhen Dobot Corp Ltd Class H ( (HK:2432) ) has provided an update.
Shenzhen Dobot Corp Ltd has formalised detailed terms of reference for its board Audit Committee, setting out its composition, qualifications, tenure and operating framework in line with PRC company law, Hong Kong Listing Rules and the company’s articles of association. The document strengthens the company’s governance architecture by requiring the Audit Committee to be composed entirely of non-executive directors, with a majority independent and chaired by an independent director with appropriate accounting or financial expertise, and by specifying safeguards such as cooling-off periods for former audit firm partners and mandatory by-elections to maintain compliance. Operationally, the terms centralise oversight of financial reporting, internal controls, internal audit and external auditors within the Audit Committee, assigning it responsibility for supervising external accounting firms, monitoring their independence and audit effectiveness, guiding internal audit, reviewing financial disclosures and major connected transactions, and making recommendations on auditor appointments and remuneration, thereby reinforcing financial transparency, risk management and protection of shareholder interests.
The most recent analyst rating on (HK:2432) stock is a Hold with a HK$31.00 price target. To see the full list of analyst forecasts on Shenzhen Dobot Corp Ltd Class H stock, see the HK:2432 Stock Forecast page.
More about Shenzhen Dobot Corp Ltd Class H
Shenzhen Dobot Corp Ltd is a Mainland China-incorporated company listed in Hong Kong that is governed by PRC company law and Hong Kong Listing Rules, with a board structure that includes non-executive and independent non-executive directors and relies on external accounting firms and internal audit functions to support its corporate governance and regulatory compliance.
Average Trading Volume: 3,997,449
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$13.91B
Learn more about 2432 stock on TipRanks’ Stock Analysis page.