Ares Asia Limited released a revised version of its Nomination Committee Terms of Reference effective 28 November 2025. The document clarifies that the committee will comprise at least three members, with the majority being independent non-executive directors and at least one member representing a different gender.

According to the announcement, the committee is tasked with formulating the company’s nomination policy, reviewing the structure and diversity of the board, assessing the independence of independent non-executive directors, and making recommendations on board and senior management appointments. It is also responsible for conducting regular evaluations of each director’s contributions and time commitments.

The terms detail meeting guidelines, including the requirement of a quorum of two members, and provide the committee with authority to seek external professional advice. The revised Terms of Reference are available on both the Stock Exchange and the company’s websites.