Far East Horizon Limited (FE HORIZON) has released an updated Terms of Reference for its Board-level Remuneration and Nomination Committee, detailing an expanded mandate, stricter composition standards and clearer procedural requirements.

Key Highlights

1. Committee Structure • Membership: Minimum of three directors, with the majority—and the chair—drawn from independent non-executive directors. • Diversity Requirement: At least one committee member must be of a different gender. • Tenure: Members serve concurrent terms with the Board and are eligible for re-election. Automatic removal applies if a member ceases to be a director.

2. Core Responsibilities • Remuneration Oversight: Recommend overall pay structure, incentive plans and individual packages for executive directors, non-executive directors and senior management. • Nomination Duties: Review board size, skills mix and diversity annually; identify, vet and recommend director candidates; assess independence of independent non-executive directors; and support succession planning for the chair and CEO. • Governance & Transparency: Ensure directors do not participate in decisions on their own remuneration, and require shareholder circulars to disclose the evaluation process for proposed independent non-executive directors.

3. Operating Procedures • Meeting Frequency: At least two sessions per year, with ad-hoc meetings permitted; quorum set at more than half of members. • Notice & Voting: Seven working days’ advance notice; resolutions pass with a simple majority of all members. • Resources: The committee may engage external advisers at the company’s expense and is supported by a dedicated work group and the investor relations department. • Confidentiality & Reporting: Minutes are circulated to the full Board; attendees must maintain confidentiality.

4. Disclosure Obligations Far East Horizon will publish the committee’s terms of reference on both the Hong Kong Stock Exchange and company websites, and include detailed remuneration information for directors and senior management in its annual report.

The revised rules were approved by the Board and take effect from August 2026, reinforcing FE HORIZON’s commitment to formalised, transparent and diversity-focused governance practices.