PACIFIC CENTURY PREMIUM DEVELOPMENTS LIMITED has approved an updated Nomination Committee Terms of Reference on 13 November 2025. The Committee, first established on 25 October 2004 by the board of directors (“Board”), is tasked with ensuring transparent and fair procedures for appointing and re-appointing directors, while maintaining a balance of skills, knowledge, experience, and diversity.

The revised document stipulates that the Committee consist of at least three members—primarily independent non-executive directors—and include at least one individual of a different gender. The Chairman of the Board or an independent non-executive director will serve as Committee Chairman. Meetings are to be held at least once a year, and the Committee retains authority to seek pertinent information and obtain external professional advice when necessary.

Duties of the Committee include reviewing board composition, identifying qualified director candidates, and making recommendations on director appointments or re-appointments. A particular focus is placed on assessing director independence and diversity, as well as regularly evaluating time commitments and contributions to the Board. The Committee reports its activities and findings to the Board at relevant intervals, and its terms of reference will be reviewed annually or adjusted as needed.