Yunfeng Financial Group Limited has released revised Terms of Reference for its Board Nomination Committee, detailing structure, authority and operational protocols effective 26 March 2026.

The Committee will comprise a minimum of three directors, with independent non-executive directors forming a majority. The chairman will be either the Board chairman or an independent non-executive director appointed by the Board.

Meetings require at least seven days’ notice and a quorum of two members. The Committee must meet at least once per year, with additional sessions convened as necessary. Resolutions are passed by simple majority, and written resolutions signed by all members are permitted.

Key duties include: • Annual review of Board size, composition and skills matrix in line with corporate strategy. • Identification and recommendation of qualified candidates for directorships and succession planning, with specific focus on the chairman and chief executive roles. • Assessment of independent non-executive directors’ independence and evaluation of each director’s time commitment and contribution. • Support for regular Board performance reviews and oversight of the Board Diversity Policy, monitoring progress against measurable objectives.

The Committee is empowered to access sufficient resources and obtain independent professional advice at the Company’s expense. Reporting to the full Board will occur after each meeting or written resolution, and the Committee chairman (or delegate) will attend the Annual General Meeting to answer stakeholder questions on Committee responsibilities.

These updated guidelines replace prior versions, reinforcing Yunfeng Financial’s commitment to transparent and structured Board governance.