Triumph New Energy Proposes Board Restructuring and Governance Changes

Triumph New Energy Company ( (HK:1108) ) just unveiled an update.

Triumph New Energy Company Limited has announced a series of proposed changes to its board structure, including the re-election and appointment of directors for the eleventh session of the board. This restructuring is part of a broader plan to align with the Company Law of the People’s Republic of China and ensure compliance with relevant regulations. The proposed changes, which include the cancellation of the supervisory and compliance committees and amendments to the audit committee’s responsibilities, are subject to shareholder approval at the upcoming annual general meeting. These measures are expected to streamline the company’s governance and potentially enhance its strategic positioning within the industry.

The most recent analyst rating on (HK:1108) stock is a Hold with a HK$4.40 price target. To see the full list of analyst forecasts on Triumph New Energy Company stock, see the HK:1108 Stock Forecast page.

More about Triumph New Energy Company

Triumph New Energy Company Limited, formerly known as Luoyang Glass Company Limited, is a joint stock limited company incorporated in the People’s Republic of China. The company operates in the energy sector, with a focus on new energy solutions and technologies. It is controlled by China Luoyang Float Glass (Group) Company Limited and Triumph Science & Technology Group Co., Ltd.

Average Trading Volume: 6,972,000

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$5.04B

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