Yunji Technology Formalizes Audit Committee Mandate to Strengthen Governance

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 potentialBeijing Yunji Technology Co. Ltd. Class H ( (HK:2670) ) just unveiled an announcement. Yunji Technology has formally established and detailed the terms of reference for its Audit Committee, a specialized body under the board of directors responsible for overseeing communication with internal and external auditors, supervising audit work, and monitoring risk management and internal control across the company. The new framework defines the committee’s composition, requiring at least three non-executive directors with a majority being independent and at least one member having appropriate accounting or financial management expertise, and sets out rules on appointments, resignations, independence, and replacement procedures, as well as the support role of the company’s audit department. The move underscores Yunji Technology’s efforts to strengthen corporate governance, enhance the board’s supervision of management, and ensure greater compliance with Hong Kong regulatory standards, which may improve transparency and confidence among investors and other stakeholders. More about Beijing Yunji Technology Co. Ltd. Class H Beijing Yunji Technology Co., Ltd. (Yunji Technology) is a Chinese company listed in Hong Kong that operates within the technology sector, and is subject to the corporate governance and disclosure requirements of the Hong Kong Listing Rules. Its board structure and committee arrangements are aligned with international best practices, including the establishment of specialized committees to oversee audit, risk management, and internal control functions to protect shareholders’ interests. Average Trading Volume: 203,693