China Longyuan Power Group Corporation Limited has officially released the Terms of Reference for its Remuneration and Assessment Committee. According to the announcement, the Committee holds responsibility for formulating performance-based remuneration and assessment standards for directors and senior management, and it reports directly to the Board of Directors. Members of the Committee are entrusted with tasks such as reviewing remuneration programs, supervising implementation details, and ensuring compliance with contractual terms.

The announcement specifies that the Committee comprises three directors, with the majority being independent directors, and designates an independent director as the chairman. The Committee’s primary authority includes deciding or making recommendations on directors’ and senior management’s remuneration, evaluating compensation arrangements involving dismissals or removals, and ensuring payment structures remain fair and reasonable. Furthermore, any remuneration-related proposals must be presented to the Board of Directors and, where required by regulations, to the shareholders’ meeting.

Regular meetings of the Committee will be held at least once per year to review annual performance results and set goals for the following period. Interim meetings may be convened upon the proposal of the chairman or multiple Committee members. Decisions made by the Committee will be documented and reported in writing to the Board of Directors.

The Terms of Reference will take effect following approval by the Board of Directors, along with relevant shareholder endorsement of the company’s Articles of Association. The content underscores the company’s commitment to a transparent corporate governance structure that aligns with legal and regulatory requirements in the jurisdictions where its shares are listed.