---
title: "Zhejiang Shibao Strengthens Audit Committee Governance"
description: "Zhejiang Shibao Co. Ltd. has announced the establishment of its audit committee, consisting of at least three independent non-executive directors. The committee will oversee financial reporting, risk "
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/265023601.md"
published_at: "2025-11-09T11:07:31.000Z"
---

# Zhejiang Shibao Strengthens Audit Committee Governance

> Zhejiang Shibao Co. Ltd. has announced the establishment of its audit committee, consisting of at least three independent non-executive directors. The committee will oversee financial reporting, risk management, and internal controls, ensuring effective governance and independence in audit processes. This move underscores the company's commitment to robust governance practices, enhancing stakeholder confidence. The company's Class H stock has shown a year-to-date price performance of 62.81% and a market cap of HK$10.22B.

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Zhejiang Shibao Co. Ltd. Class H ( (HK:1057) ) has provided an announcement.

Zhejiang Shibao Co. Ltd. has outlined the terms of reference for its audit committee, which is composed of at least three directors, primarily independent non-executive directors. The committee is tasked with overseeing the company’s financial reporting, risk management, and internal control systems, and it plays a crucial role in managing the company’s relationship with its external auditors. This announcement highlights the company’s commitment to maintaining robust governance practices and ensuring the independence and effectiveness of its audit processes, which are vital for stakeholder confidence.

**More about Zhejiang Shibao Co. Ltd. Class H**

**YTD Price Performance:** 62.81%

**Average Trading Volume:** 11,969,634

**Technical Sentiment Signal:** Buy

**Current Market Cap:** HK$10.22B

Learn more about 1057 stock on TipRanks’ Stock Analysis page.

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.