Shuanglin Auto Parts revamps governance for H-share listing

Ningbo Shuanglin Auto Parts is undertaking a significant restructuring of its corporate governance in preparation for its H-share offering and listing on the Hong Kong Stock Exchange. The company's board of directors, supervisory board, and shareholders have approved revisions to the articles of association and various internal governance documents. These include documents for external investment, risk management, independent directors, the board of directors, the nomination committee, the remuneration and assessment committee, and the board secretary.

Key changes include the establishment of an ESG management system and an updated external investment management framework. The board has also appointed new independent non-executive directors and adjusted the composition of specialized committees. These comprehensive updates aim to align Shuanglin with Hong Kong listing regulations and enhance its overall corporate governance structure.