Shenzhen Woer Heat-Shrinkable Material Co., Ltd. has issued updated Rules of Procedures for its Remuneration and Appraisal Committee, effective February 2026. The document clarifies the committee’s composition, authority, and operational guidelines, establishing a systematic framework for evaluating directors and senior management.

The committee is set to comprise three members, the majority being independent directors. Its responsibilities include developing remuneration policies, overseeing performance indicators, and managing remuneration plans—such as equity incentive schemes—for directors and senior management. Recommendations produced by the committee will be submitted to the company’s Board for approval or further deliberation.

The newly published document stipulates the committee’s meeting requirements, including the frequency of regular and extraordinary sessions and the processes for issuing notices and voting on key matters. It also provides oversight mechanisms, requiring interested members to abstain from voting when conflicts of interest arise.

The revised procedures emphasize transparency and standardized practices in reviewing compensation packages, ensuring alignment with relevant legal statutes, listing rules, and the company’s Articles of Association. This updated framework aims to reinforce corporate governance and support the company’s long-term talent development objectives.