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MarketScreener Homepage  >  Equities  >  Shanghai Stock Exchange  >  Everbright Securities Company Limited    601788   CNE100000FD8

EVERBRIGHT SECURITIES COMPANY LIMITED

(601788)
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Everbright Securities : Announcement Continued performance of duties of independent non-executive directors upon expiration of term of office

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09/18/2020 | 09:00am EDT

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

光 大 證 券 股 份 有 限 公 司

Everbright Securities Company Limited

(A joint stock company incorporated in the People's Republic of China with limited liability)

(Stock code: 6178)

Announcement

Continued performance of duties of independent non-executive directors upon

expiration of term of office

Mr. Xu Jingchang (徐經長), currently an independent non-executive director of Everbright Securities Company Limited (the "Company"), has served as an independent non-executive director, the chairman of the audit committee and a member of the remuneration, nomination and credentials committee of the board of directors ("Board") of the Company since 15 September 2014. Mr. Xiong Yan (熊焰), currently an independent non-executive director of the Company, has served as an independent non-executive director, the chairman of the remuneration, nomination and credentials committee and a member of the audit committee of the Board since 18 September 2014. Pursuant to the relevant requirements of the Company Law of the People's Republic of China, the Guidelines for Introducing Independent Directors to the Board of Directors of Listed Companies, the Guidelines of Independent Directors for Listed Companies and the Articles of Association, the term of office of an independent non-executive director shall not exceed six consecutive years. As such, Mr. Xu Jingchang's term of office shall expire on 14 September 2020 and Mr. Xiong Yan's term of office shall expire on 17 September 2020 as they have served for six years.

As the resignation of Mr. Xu Jingchang and Mr. Xiong Yan will result in the number of independent non-executive directors of the Board of the Company being less than one-third of the members of the Board, failing to comply with the relevant requirements, the resignations of Mr. Xu Jingchang and Mr. Xiong Yan will come into effect after the appointment of new independent non-executive directors of the Company. During the period, Mr. Xu Jingchang and Mr. Xiong Yan will continue to perform their duties as independent non-executive directors and members of the relevant committees of the Company in accordance with the relevant laws and regulations and the articles of association of the Company.

1

The Company will appoint new independent non-executive directors as soon as possible in accordance with the relevant requirements and statutory procedures.

By order of the Board

Everbright Securities Company Limited

Chairman

Yan Jun

Shanghai, the PRC

18 September 2020

As at the date of this announcement, the Board of the Company comprises Mr. Yan Jun (Chairman, Executive Director), Mr. Liu Qiuming (Executive Director), Mr. Song Bingfang (Non-executive Director), Mr. Yin Lianchen (Non-executive Director), Mr. Chan Ming Kin (Non-executive Director), Mr. Xue Keqing (Non-executive Director), Mr. Xu Jingchang (Independent Non-executive Director), Mr. Xiong Yan (Independent Non-executive Director), Mr. Li Zheping (Independent Non-executive Director), Mr. Au Sing Kun (Independent Non-executive Director) and Mr. Wang Yong (Independent Non-executive Director).

2

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Everbright Securities Co. Ltd. published this content on 18 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 September 2020 11:59:05 UTC


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Financials
Sales 2020 13 188 M 1 965 M 1 965 M
Net income 2020 3 866 M 576 M 576 M
Net Debt 2020 - - -
P/E ratio 2020 24,2x
Yield 2020 1,34%
Capitalization 78 213 M 11 664 M 11 652 M
Capi. / Sales 2020 5,93x
Capi. / Sales 2021 5,81x
Nbr of Employees 8 913
Free-Float 55,8%
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 5
Average target price 19,89 CNY
Last Close Price 18,96 CNY
Spread / Highest target 50,3%
Spread / Average Target 4,91%
Spread / Lowest Target -51,5%
EPS Revisions
Managers
NameTitle
Qiu Ming Liu President & Executive Director
Ji Ping Liu Chairman-Supervisory Board
Jun Yan Chairman
Ming Kin Chan Non-Executive Director
Wen Yi Wang Member-Supervisory Board
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