Bama Tea Co., Ltd. (八馬茶業股份有限公司) has released a formal document outlining the establishment, composition, and procedures of its Nomination Committee. The committee functions as a specialized working body under the Board of Directors to formulate selection criteria for director and senior management candidates, conduct relevant evaluations, and present recommendations to the Board.

According to the document, the Nomination Committee must consist of no fewer than three directors, with the majority being independent. At least one director must represent a different gender among its members. The committee is charged with maintaining board diversity by considering qualifications such as education, experience, cultural background, and other key attributes when selecting new directors and senior managers.

Additionally, the Nomination Committee reviews board structure, recommends potential directors to serve on the Board’s various subcommittees, and assesses both the independence of independent directors and the diversity of the organization at least once a year. Other core responsibilities include establishing a talent reserve program, evaluating director and senior management performance, and making suggestions regarding succession planning.

The terms of reference become effective from the date Bama Tea Co., Ltd. (H Shares) is listed on the Main Board of The Stock Exchange of Hong Kong Limited. These rules can be found on both the company’s official website and that of the exchange, with the Chinese version taking precedence in case of discrepancies.