Lianlian DigiTech Formalises Terms of Reference for Board Nomination Committee

Claim 50% Off TipRanks PremiumUnlock 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 potentialLianlian DigiTech Co., Ltd. Class H ( (HK:2598) ) has issued an announcement. Lianlian DigiTech Co., Ltd. has formally set out detailed terms of reference for its Board Nomination Committee, a specialised governance body tasked with proposing candidates for directors, including independent non-executive directors, and senior management. The document specifies the committee’s composition, requiring three directors with a majority being independent non-executive directors, and sets out how members and the chairperson are nominated, elected, and replaced, as well as their required qualifications and tenure rules. By codifying strict eligibility criteria, clear appointment procedures, and safeguards for continuity of duties when members resign or become disqualified, the company is strengthening its board-level governance framework, enhancing transparency in leadership selection, and aligning its corporate practices more closely with PRC securities regulations and Hong Kong listing requirements, which is likely to be reassuring for investors and other stakeholders focused on oversight and compliance. The most recent analyst rating on (HK:2598) stock is a Hold with a HK$7.50 price target. To see the full list of analyst forecasts on Lianlian DigiTech Co., Ltd. Class H stock, see the HK:2598 Stock Forecast page. More about Lianlian DigiTech Co., Ltd. Class H Lianlian DigiTech Co., Ltd. is a China-based digital technology company that operates under the regulatory frameworks of the PRC Company Law, Securities Law and the Hong Kong Listing Rules, with its shares listed in Hong Kong. The company is governed by a board of directors and adheres to a formal Articles of Association, reflecting a corporate structure aligned with both domestic and overseas capital markets and associated compliance standards. Average Trading Volume: 2,050,038 Technical Sentiment Signal: Sell Current Market Cap: HK$7.9B For an in-depth examination of 2598 stock, go to TipRanks’ Overview page.