Anhui Jinyan Kaolin New Materials Co., Ltd. announced its finalized “Rules of Procedure of the Remuneration and Appraisal Committee,” effective upon the listing of its H-shares on the Hong Kong Stock Exchange. The document outlines the committee’s composition, responsibilities, and operational guidelines.

The Remuneration and Appraisal Committee will comprise three directors, including at least two independent non-executive directors. Its duties cover developing appraisal standards and reviewing remuneration policies for directors, supervisors, and senior management. The committee is authorized to formulate remuneration plans for submission to the board and further consideration at shareholders’ meetings. It will also monitor the implementation of these plans and oversee relevant performance evaluations.

Procedurally, the committee must convene at least one regular meeting annually and can hold extraordinary meetings when necessary. Any resolutions require a majority vote of all committee members. The document further specifies that the committee may engage external advisors for professional opinions and that any member with direct or indirect interests in the discussed matters must abstain from voting.

According to the announcement, the new rules serve to improve remuneration management, maintain transparency, and protect shareholders’ interests. All resolutions and related meeting minutes will be retained for no less than ten years and formally reported to the board to ensure proper oversight and accountability.