HTSC has released a revised document outlining the Terms of Reference for its five board committees. These committees include the Compliance and Risk Management Committee, the Audit Committee, the Development Strategy Committee, the Nomination Committee, and the Remuneration and Appraisal Committee. Each committee consists of three to five directors, with independent non-executive directors holding the majority in the Audit, Nomination, and Remuneration and Appraisal Committees.

According to the updated Terms of Reference, the Compliance and Risk Management Committee examines overall compliance and enterprise risk mechanisms, while the Audit Committee supervises internal and external audits, financial disclosures, and internal controls. The Development Strategy Committee is in charge of shaping and evaluating the company’s short-, mid-, and long-term growth trajectories, and the Nomination Committee oversees candidate qualifications and selection for directors and senior management. The Remuneration and Appraisal Committee is responsible for compensation and performance assessments, ensuring clear standards and procedures. These revisions have been approved by the board and are now in effect, rendering the previous version of the Terms of Reference invalid.