Shoucheng Tightens Audit Committee Rules to Bolster Governance
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Shoucheng Holdings Ltd. has revised its audit committee rules to enhance corporate governance, effective December 30, 2025. The updated framework mandates that the committee consists mainly of independent non-executive directors, chaired by one, and prohibits recent partners of the current auditor from serving for two years. These changes aim to improve financial supervision and investor confidence in the company's internal controls. The latest analyst rating for Shoucheng Holdings (HK:0697) is a Hold with a price target of HK$2.50.
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