According to the latest announcement, Min Xin Holdings Limited has released an updated set of Terms of Reference for its Nomination Committee, scheduled to take effect on 4 February 2026. The Nomination Committee, as a sub-committee of the board of directors, is tasked with reviewing the structure, size, and composition of the board, identifying and recommending potential directors, and assisting in maintaining a board skills matrix.

Under the revised guidelines, the Nomination Committee shall consist of at least three members, with a majority being non-executive directors. One member is required to be of a different gender, and the chairman of this committee must be either the board chairman or an independent non-executive director. The committee will meet at least once a year, with decisions made by a simple majority.

Key responsibilities include assessing the independence of independent non-executive directors and advising on the appointment or re-appointment of directors, particularly the board chairman and the chief executive. The Nomination Committee also oversees the implementation of the company’s Board Diversity Policy and reports annually on its progress. The updated Terms of Reference allow the committee to seek external professional advice at the company’s expense and recommend any necessary changes to the board for approval.