Jin Jiang Hotels streamlines governance, plans Hong Kong H-share listing

Shanghai Jin Jiang International Hotels Development (SSE:600754) is undertaking a series of significant strategic moves aimed at streamlining governance and bolstering its global presence. The company announced the cancellation of its Board of Supervisors, transferring its duties to the Audit, Risk Control, and Compliance Committee under the Board of Directors. This change necessitates revisions to the company's Articles of Association and related corporate governance systems, which will be put to a shareholder vote.