Shenzhen Zhaowei Machinery & Electronics Co., Ltd. released a document outlining the Nomination Committee’s responsibilities, composition requirements, and procedures for appointing Directors and senior management. The document, created to align with relevant laws and regulations, states that the committee must have at least three Directors, with a majority classified as independent and at least one representative of a different gender.

According to the details provided, the Nomination Committee is tasked with reviewing the structure and size of the Board annually, identifying and assessing qualified candidates, and advising on key appointments and re-appointments. Members are responsible for verifying the independence of Directors, ensuring that the Board maintains a suitable mix of skills and experience, and evaluating candidates’ time commitments. The document also specifies that final decisions lie with the Board, and if recommendations are not fully adopted, reasons are to be disclosed in Board resolutions.

Implementation of these guidelines takes effect upon the listing of the Company’s H shares on The Stock Exchange of Hong Kong Limited. The document is dated April 2025.