BAIC Motor Corporation Ltd. Establishes New Committees to Oversee Major and Continuing Connected Transactions

Reuters
Sep 30
BAIC Motor Corporation Ltd. Establishes New Committees to Oversee Major and Continuing Connected Transactions

**BAIC Motor Corporation Ltd. Establishes Key Committees for Governance** Beijing, China - BAIC Motor Corporation Ltd. has established several key committees to enhance its corporate governance and oversight. These committees include an Independent Board Committee, which provides independent advice on major and continuing connected transactions, and works closely with professional advisers to ensure transparency and compliance with regulatory requirements. The committees play a crucial role in reviewing transactions, such as the renewal of continuing connected transactions with the BAIC Group and the entry of the Financial Services Framework Agreement. The company's governance structure is designed to safeguard the interests of independent shareholders and maintain high standards of corporate responsibility.

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