Bank of Tianjin Co., Ltd. (1578) has issued revised Terms of Reference aimed at regulating the election procedures and remuneration mechanisms for directors and senior management. The document states that this committee, composed of three or more directors—most of whom must be independent—bears responsibility for formulating election standards, conducting preliminary reviews of candidate qualifications, and providing remuneration administration proposals to the board. It also oversees ongoing performance assessments and supervises relevant human resources policies.

According to the document, the human resources department functions as the working body and the board office as the secretarial body, supporting the committee’s work through meeting coordination and information provision. Under the revised rules, the committee can request senior management officers to supply necessary information and may engage external experts if needed. The new Terms of Reference took effect upon approval by the board of directors, with the previous version simultaneously invalidated. The bank emphasizes that its English version of the document is for reference only, and the Chinese version shall prevail in the event of discrepancies. Additionally, the announcement clarifies that Bank of Tianjin Co., Ltd. is not an authorized institution under Hong Kong’s Banking Ordinance and does not conduct banking or deposit-taking business in Hong Kong.