Launch Tech Sets Nil Board Fee for Newly Elected Employee Director

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 potentialLaunch Tech Co. Ltd. Class H ( (HK:2488) ) has issued an update. Launch Tech Company Limited has announced that newly elected employee director Mr. Liu Guozhu will receive no additional remuneration for his role on the board, with his compensation to be based solely on his existing management positions within the company. The board stated that Mr. Liu’s actual remuneration will be determined by reference to the remuneration committee’s recommendations, his responsibilities and prevailing market conditions, and will be disclosed in the company’s annual report, underscoring a transparent and structured approach to governance and pay-setting for senior staff. The most recent analyst rating on (HK:2488) stock is a Hold with a HK$9.00 price target. To see the full list of analyst forecasts on Launch Tech Co. Ltd. Class H stock, see the HK:2488 Stock Forecast page. More about Launch Tech Co. Ltd. Class H Launch Tech Company Limited is a joint stock limited company incorporated in the People’s Republic of China and listed in Hong Kong under stock code 2488. The company operates in the automotive diagnostics and related technology sector, providing equipment and solutions to the automotive after-market and repair industries, with operations managed by a board comprising executive, employee, non-executive and independent non-executive directors. Average Trading Volume: 756,050 Technical Sentiment Signal: Buy Current Market Cap: HK$3.56B For an in-depth examination of 2488 stock, go to TipRanks’ Overview page.