Hing Yip Holdings Limited (00132) published a circular dated 16 February 2026 regarding a proposal to adopt a new remuneration and performance management code of directors (the “New Code”). According to the information, shareholders will vote on the proposal at a Special General Meeting scheduled for 10 March 2026 at 10:30 a.m.

Under the New Code, independent non-executive directors are entitled to an annual fee of HK$0.12 million. The chairman’s basic annual salary is HK$0.38 million, with an additional performance-based annual salary calculated from a base amount of HK$0.57 million multiplied by an appraisal-based coefficient ranging from 0 to 1.1. A further term-based incentive applies every three years, calculated from a base amount of HK$0.50 million multiplied by a coefficient ranging from 0 to 1.0. According to the circular, these incentives are tied to the Company’s operational results, return on net assets, net profit attributable to shareholders, and individual performance criteria.

Other executive directors’ remuneration follows a similar structure, employing position-based coefficients of 0.6 to 0.9 against the chairman’s standards. Shareholders are invited to consider and approve the New Code, which focuses on linking directors’ compensation with corporate performance and operational results. Should the resolution pass, the existing remuneration system will be abolished immediately upon the New Code’s adoption.