Wuxi Lead Intelligent Equipment Co., Ltd. has released guidelines outlining the structure, responsibilities, and procedures of its Nomination Committee. According to the announcement, the committee is tasked with proposing and reviewing candidates for director and senior management positions, formulating selection criteria, and ensuring that members meet required qualifications.

The announcement specifies that the committee shall comprise three directors, with at least half being independent directors, and that an independent director will serve as convener. The committee holds authority to nominate or remove directors and senior management members, assess director independence, and provide recommendations on re-appointments and succession planning.

Procedurally, members will meet as needed, typically with three days’ notice, and a two-thirds quorum is required for decisions. Once elected, committee decisions and meeting minutes will be reported in writing, and all attendees must maintain confidentiality. These guidelines take effect upon the commencement of the company’s H-share listing on the Hong Kong Stock Exchange and reflect the broader goal of improving corporate governance and board composition.