Shenzhen Woer Heat-Shrinkable Material Co., Ltd. has issued its “Rules of Procedures of the Nomination Committee of the Board of Directors,” dated February 2026. The document outlines the committee’s role in optimizing board composition and improving corporate governance. It also explains the process of identifying and evaluating candidates for director and senior management positions.

The Nomination Committee consists of three directors, two of whom must be independent, and includes at least one director of a different gender. The committee’s major responsibilities include reviewing board size and structure, formulating selection criteria for directors and senior management, and recommending qualified candidates. It also assesses director independence, ensures compliance with relevant regulations, and collaborates with the board on succession planning.

The procedural guidelines specify meeting schedules, voting requirements, and the manner in which members should handle conflicts of interest. In cases where a committee member has a direct or indirect interest in a matter under review, that member may be required to abstain from voting. Furthermore, to reinforce professional standards, the document highlights the need to periodically evaluate the committee’s work and continuously monitor board diversity as outlined in the company’s diversity policy.

According to the announcement, the newly introduced procedures will take effect upon approval by the board, with the goal of ensuring clear and transparent processes for the nomination and appointment of directors and senior management, thereby contributing to the company’s streamlined governance structure.