Jiangsu Horizon Chain Supermarket Forms Nomination Committee to Bolster Board Governance

Claim 50% Off TipRanks Premium and Invest with Confidence Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potentialJiangsu Horizon Chain Supermarket Company Limited Class H ( (HK:2625) ) has issued an announcement. Jiangsu Horizon Chain Supermarket Company Limited has established a Nomination Committee under its board of directors to strengthen its corporate governance framework and standardise the appointment of directors and senior management. The committee, formed in accordance with PRC company law, Hong Kong listing rules and the company’s articles, will be responsible for setting selection criteria and procedures for directors (including independent non-executive directors) and senior executives such as the general manager, CFO and board secretary, and making related recommendations to the board. It will comprise more than three directors, with a majority being independent non-executive directors and at least one member of a different gender, and will be chaired by the board chairman or an independent non-executive director, with terms aligned to the board’s tenure. These measures are designed to optimise the board’s composition, formalise succession and nomination processes, and enhance transparency and oversight for shareholders and other stakeholders. More about Jiangsu Horizon Chain Supermarket Company Limited Class H Jiangsu Horizon Chain Supermarket Company Limited is a PRC-incorporated joint stock company listed in Hong Kong, operating in the retail supermarket sector through a chain-store model. The company focuses on serving mass-market consumers in China, and is subject to the corporate governance and listing requirements of the Hong Kong Stock Exchange, including the Corporate Governance Code and related regulations. 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.