BAIC Motor Corporation Ltd. Establishes New Committees to Oversee Major and Continuing Connected Transactions
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BAIC Motor Corporation Ltd. has established key committees, including an Independent Board Committee, to enhance corporate governance and oversight. These committees will provide independent advice on major and continuing connected transactions, ensuring transparency and compliance with regulations. They will review transactions such as the renewal of agreements with the BAIC Group and the Financial Services Framework Agreement, safeguarding the interests of independent shareholders and maintaining high corporate responsibility standards.
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