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Xunfei Healthcare Proposes Governance Restructuring

Story Highlights
  • Xunfei Healthcare plans to amend its Articles of Association and abolish its Board of Supervisors.
  • The supervisory duties will be transferred to the Audit Committee, pending shareholder approval in 2024.
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Xunfei Healthcare Proposes Governance Restructuring

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Xunfei Healthcare Technology Co., Ltd. ( (HK:2506) ) just unveiled an announcement.

Xunfei Healthcare Technology Co., Ltd. has announced proposed amendments to its Articles of Association and the abolition of its Board of Supervisors. This move aligns with the new regulatory frameworks in China, transferring the supervisory duties to the Audit Committee of the Board. The changes are subject to shareholder approval at the 2024 annual general meeting, and if approved, the amendments will take effect immediately, streamlining the company’s governance structure.

The most recent analyst rating on (HK:2506) stock is a Buy with a HK$170.56 price target. To see the full list of analyst forecasts on Xunfei Healthcare Technology Co., Ltd. stock, see the HK:2506 Stock Forecast page.

More about Xunfei Healthcare Technology Co., Ltd.

Average Trading Volume: 313,633

Learn more about 2506 stock on TipRanks’ Stock Analysis page.

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