DaChan Food (Asia) Limited (the 「Company」) has announced an update to the Terms of Reference of its Nomination Committee. According to the document, the Board-approved committee comprises only directors, with at least three members in total. A majority of the members must be independent non-executive directors, and there must be at least one member of a different gender. The Company Secretary or a designated representative will serve as secretary to the committee.

The document underscores that the Nomination Committee determines director-nomination policy and possesses the authority to form subcommittees or delegate responsibilities to individual members when needed. The committee is also responsible for assessing the Board’s structure and diversity factors—including gender, age, and professional experience—and for making suggestions on directorship appointments or reappointments, with particular attention to the roles of Chairman of the Board and Chief Executive.

To help maintain an effective Board, the Nomination Committee reviews the time commitment and contribution of each director. The updated terms specify regular evaluations of the Board’s performance, independence assessments for non-executive directors, and a review of progress made under the Board Diversity Policy. The document concludes by noting that sufficient resources will be provided to fulfill these responsibilities, including access to independent professional advice should the committee deem it necessary.