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Wing On Co. International Ltd. ( (HK:0289) ) has provided an announcement.
Wing On Company International Limited has formalised and disclosed updated terms of reference for its Audit Committee, originally established by board resolution in 1998, to align with Hong Kong Stock Exchange listing rules and strengthen its corporate governance framework. The revised mandate specifies that the Audit Committee must comprise at least three non-executive directors with a majority being independent, including at least one member possessing professional accounting or financial management expertise, sets clear rules on chairmanship, prohibits recent partners of the existing external auditor from joining for a two-year cooling-off period, and details meeting frequency, quorum, allowable participation by teleconference or written resolutions, and the record-keeping responsibilities of the Company Secretary, underscoring a structured approach to oversight of the Group’s financial reporting and audit processes.
The most recent analyst rating on (HK:0289) stock is a Hold with a HK$12.50 price target. To see the full list of analyst forecasts on Wing On Co. International Ltd. stock, see the HK:0289 Stock Forecast page.
More about Wing On Co. International Ltd.
Wing On Company International Limited is a Bermuda-incorporated, Hong Kong-listed company (stock code: 289) that operates as a corporate group with subsidiaries, overseen by a board comprising executive and non-executive directors in accordance with Hong Kong Stock Exchange corporate governance requirements.
Average Trading Volume: 36,006
Technical Sentiment Signal: Buy
Current Market Cap: HK$4.01B
Learn more about 0289 stock on TipRanks’ Stock Analysis page.