Deepexi Technology Co., Ltd. has formally announced the terms of reference (TOR) for its Nomination Committee. According to the announcement, this specialized committee will consist of at least three directors, with a majority to be independent non-executive directors, and will be chaired by an independent non-executive director. Members will hold office for the same term as the board and can be re-elected upon expiration of their tenure.

The committee’s primary responsibilities include reviewing the board’s structure and qualifications, identifying and recommending suitable director candidates, assessing independence requirements for independent non-executive directors, and formulating relevant selection policies. It will also review the time commitment of non-executive and independent non-executive directors and make recommendations on appointments, reappointments, and succession plans.

The Nomination Committee is accountable to the board and must comply with relevant laws, regulations, and listing rules, including the Company Law of the PRC, the Securities Law of the PRC, and the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. The announcement states that any amendments to the TOR will require board approval, and all committee members must strictly adhere to confidentiality obligations regarding deliberations and decisions.