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Sinopec Engineering Tightens Governance with New Nomination Committee Mandate

Story Highlights
  • Sinopec Engineering approved formal terms for a strengthened board Nomination Committee.
  • The committee will oversee board composition, independence, and succession planning to enhance governance.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Sinopec Engineering Tightens Governance with New Nomination Committee Mandate

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An update from SINOPEC Engineering (Group) Co., Ltd. Class H ( (HK:2386) ) is now available.

SINOPEC Engineering (Group) Co., Ltd. has formalised detailed terms of reference for its board-level Nomination Committee, approved at the tenth meeting of the fifth session of the board of directors in 2025, to strengthen corporate governance and board oversight. The new framework defines the committee’s composition—requiring at least three directors with a majority of independent members and an independent chair—as well as clear responsibilities, including annual review of the board’s structure and skills, assessment of independent directors’ qualifications, recommendations on board appointments, reappointments and succession planning for key leadership roles, and support for regular board performance evaluations, underlining the company’s effort to professionalise governance and align with Hong Kong listing rules and Chinese corporate law.

The most recent analyst rating on (HK:2386) stock is a Buy with a HK$8.50 price target. To see the full list of analyst forecasts on SINOPEC Engineering (Group) Co., Ltd. Class H stock, see the HK:2386 Stock Forecast page.

More about SINOPEC Engineering (Group) Co., Ltd. Class H

SINOPEC Engineering (Group) Co., Ltd. is an engineering and construction company in China’s energy and petrochemical sector, providing engineering, procurement, construction and related technical services primarily to refinery, chemical and other industrial projects, with its shares listed in Hong Kong.

Average Trading Volume: 4,183,055

Technical Sentiment Signal: Buy

Current Market Cap: HK$32.96B

See more insights into 2386 stock on TipRanks’ Stock Analysis page.

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