Jiangsu Horizon Chain Supermarket Reshapes Board With New Independent Directors

Claim 70% Off TipRanks This Holiday SeasonUnlock hedge-fund level data and powerful investing tools for smarter, sharper decisions Stay ahead of the market with the latest news and analysis and maximize your portfolio's potentialThe latest announcement is out from Jiangsu Horizon Chain Supermarket Company Limited Class H ( (HK:2625) ). Jiangsu Horizon Chain Supermarket Company Limited announced that independent non-executive directors Mr. Lam Ka Tak and Mr. Zhu Bo have tendered their resignations, including from key roles on the audit, remuneration and nomination committees, to devote more time to other commitments. Their resignations will only take effect once new independent non-executive directors are elected at an upcoming general meeting, and both departing directors have indicated they have no disagreements with the board or matters requiring shareholder attention. To ensure continuity of independent oversight and committee leadership, the board has proposed appointing Ms. Jia Meng as an independent non-executive director, chair of the audit committee, and member of the remuneration and nomination committees, and Ms. Zhang Yan as an independent non-executive director and member of those committees, subject to shareholder approval. Ms. Jia brings more than 15 years of finance and accounting experience across international financial institutions and corporates, which is expected to reinforce the company’s governance and financial oversight as the new board session progresses, with both nominees eligible for re-election after the sixth board term expires. More about Jiangsu Horizon Chain Supermarket Company Limited Class H Jiangsu Horizon Chain Supermarket Company Limited is a PRC-incorporated joint stock company operating a chain supermarket business, focusing on retail distribution of consumer goods through its network of stores in China. The group is listed in Hong Kong and is governed by a board structure that includes independent non-executive directors and specialised committees overseeing audit, remuneration and nominations. Average Trading Volume: 1,427,276 Technical Sentiment Signal: Strong Sell Current Market Cap: HK$992M Learn more about 2625 stock on TipRanks’ Stock Analysis page.