The board of directors of the Company (Stock Code: 285), incorporated in Hong Kong under the Companies Ordinance with limited liability, has released amendments to the Terms of Reference for its Nomination Committee, effective from 30 October 2025. The Committee, originally established on 29 November 2007, continues to operate under the Board’s authority and is tasked with several key responsibilities, including identifying qualified candidates for directorship, reviewing the Board’s structure and diversity, and assessing the independence of Independent Non-executive Directors (INEDs).

The membership of the Nomination Committee must comprise at least three directors, with the majority being INEDs and at least one Member of a different gender. The chairman of the Committee may be an INED or the chairman of the Board. The Committee holds the authority to seek external independent advice at the Company’s expense when necessary and is provided with sufficient resources to fulfill its obligations.

Key duties encompass nominating individuals for Board positions, reviewing board composition (such as diversity in gender, age, and professional background), recommending appointments or re-appointments of directors, and overseeing succession planning. The Terms of Reference clarifies meeting frequency, voting procedures, and minute-taking arrangements. These updated guidelines will be available on the websites of both The Stock Exchange of Hong Kong Limited and the Company.