Pacific Basin Shipping Limited announced that its Board has rebranded two of its governance bodies to better reflect their expanded mandates. The Audit Committee will now operate as the Audit and Risk Committee, while the Remuneration Committee becomes the Remuneration and People Committee.

According to the filing dated 3 August 2026, the Audit and Risk Committee retains its four-member structure: three independent non-executive directors—John Mackay McCulloch Williamson (Chairman), Dr. Kirsi Kyllikki Tikka and Kalpana Desai—and non-executive director Dr. Harindarpal Singh Banga.

The Remuneration and People Committee continues to comprise four independent non-executive directors: Wang Xiaojun Heather (Chairman), Irene Waage Basili, Stanley Hutter Ryan and Mats Henrik Berglund.

Revised terms of reference for both committees will be posted on the company’s website and on HKEXnews. Other than the name changes and updated charters, no alterations were made to committee membership or Board composition.