Ocean One Holding Ltd. (9876) announced that its board of directors revised and adopted the Terms of Reference for the Nomination Committee on 30 October 2025, which will take effect on 3 November 2025. According to the document, the committee’s primary responsibilities include identifying suitable director candidates, assessing board composition, and overseeing the evaluation process to ensure effective performance of the board.

The revised terms state that the Nomination Committee shall comprise a majority of independent non-executive directors, with a minimum of three members and at least one director of a different gender. The chairman of the committee may be either the chairman of the board or an independent non-executive director. In addition, the document highlights the requirement for full meeting minutes, procedures for the nomination of new directors, and regular reviews of board diversity.

The company emphasizes that the Nomination Committee has the authority to obtain independent professional advice and is tasked with supporting the board’s regular performance evaluations. The updated provisions also clarify that the committee will report its findings and recommendations directly to the board and make the revised Terms of Reference available on both the Hong Kong Stock Exchange and the company’s websites.