Taizhou Water Group Co., Ltd. (Stock Code: 1542) announced the Terms of Reference for its Nomination Committee, detailing its responsibilities and operational guidelines. According to the announcement, the Nomination Committee is tasked with formulating selection criteria and procedures for directors and senior management, screening candidates, and recommending suitable appointments to the board.

The committee is formed by at least three directors, with a majority of independent non-executive directors. At least one director on the committee must be of a different gender. The term of office for each member aligns with that of the board session, and members can be reappointed. If the number of members falls below two-thirds of the required headcount, new members are to be promptly appointed.

The committee’s primary duties include reviewing the board’s structure and diversity, identifying and recommending qualified candidates for director and senior management positions, assessing the independence of independent non-executive directors in accordance with relevant regulations, and supporting the company’s regular evaluation of the board’s performance. Meetings of the committee are to be held regularly, with arrangements in place for extraordinary meetings when necessary.

The Terms of Reference incorporate compliance measures with relevant regulations, including the Listing Rules of The Stock Exchange of Hong Kong Limited. The full document is available on the company’s website and the stock exchange’s platform as required by listing regulations.