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The latest announcement is out from Wasion Holdings Limited ( (HK:3393) ).
Wasion Holdings has updated the terms of reference for its audit committee, originally formed in 2005, to strengthen corporate governance and align with Hong Kong listing rules on audit oversight. The committee must have at least three non-executive directors, a majority of whom are independent, be chaired by an independent director, and include at least one member with professional accounting or financial management expertise.
The revised framework formalizes the audit committee’s authority to investigate matters within its remit, obtain information from any group employee, and seek external professional advice when necessary. It also clarifies detailed duties covering external auditor appointment and independence, non-audit services policies, coordination of audit scope, and rigorous review of the company’s financial statements and reporting judgments, reinforcing transparency and assurance for investors and other stakeholders.
More about Wasion Holdings Limited
Wasion Holdings Limited is a company incorporated in the Cayman Islands with limited liability and listed on the Main Board of The Stock Exchange of Hong Kong. The board has established an audit committee composed mainly of independent non-executive directors, reflecting a governance structure aligned with Hong Kong listing requirements and best practices in financial oversight.
Average Trading Volume: 7,869,595
Technical Sentiment Signal: Buy
Current Market Cap: HK$28.21B
Learn more about 3393 stock on TipRanks’ Stock Analysis page.