Sichuan Baicha Baidao Tightens Audit Committee Rules to Bolster Governance
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Sichuan Baicha Baidao Industrial Co., Ltd. has updated its Audit Committee rules, requiring at least three non-executive directors, a majority of whom must be independent, and one with financial expertise. The committee will meet biannually, maintain detailed minutes, and report to shareholders. This framework enhances the committee's authority over auditors and clarifies its role in financial oversight and risk management, aiming to improve governance and investor trust. The current analyst rating for the stock (HK:2555) is a Hold with a price target of HK$7.00.
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