Beijing Xunzhong Communication Technology Co., Ltd. (Stock Code: 2597) released its Strategic Committee Terms of Reference. The document outlines the committee’s role in aiding the Board’s strategic planning, reinforcing procedural rigor, and ensuring compliance with applicable regulations.

The Strategic Committee comprises directors who are accountable to the Board. Members are nominated by the chairman of the Board or at least one-third of the directors, then elected by a majority vote. One key position is the convener, who may also serve as chairman of the Board. The committee is tasked with formulating recommendations on long-term development, major investment or financing, and significant asset management projects. Furthermore, it oversees the implementation progress of these matters and submits its resolutions to the Board for review.

Procedurally, the Strategic Committee convenes periodic or ad hoc meetings when needed. A quorum requires two-thirds or more of its members to be present. Resolutions pass by majority vote, and the committee may seek external professional advice when necessary. All participants adhere to confidentiality requirements regarding the proceedings.

This set of Terms of Reference adds clarity to how Beijing Xunzhong sets and executes its strategic goals, emphasizing both accountability to the Board and thorough compliance with relevant governance standards.