Sun Hing Vision has released an updated set of Terms of Reference for its Nomination Committee, effective 16 July 2025, outlining enhanced governance standards and diversity targets.

The committee will comprise a minimum of three directors, with a majority being independent non-executive directors and at least one member of a different gender. The Board appoints the chairman, while the company’s human resources manager (or delegate) serves as secretary. Meetings must be held at least annually, require a quorum of two members, and can be convened by either the chairman or the secretary.

Key responsibilities include: • Annual review of the Board’s structure, size, and skill matrix to ensure alignment with corporate strategy and diversity objectives. • Identification and recommendation of director candidates based on expertise, gender, age, cultural and educational background, and industry experience. • Ongoing development and disclosure of board diversity and nomination policies, detailing procedures and criteria used during the year. • Assessment of independent non-executive directors’ independence, contribution, and time commitment. • Recommendations on director appointments, re-appointments, succession planning—particularly for the chairman and CEO—and support for biennial Board performance evaluations.

The committee is empowered to request information from any employee, engage external legal or professional advisers at the company’s expense, and invite external experts to meetings when necessary.

The Nomination Committee chairman will attend Sun Hing Vision’s annual general meetings to address shareholder questions regarding nomination activities. Minutes of all meetings will be circulated to the full Board, ensuring transparency in governance processes.