The Board of Directors of the Company (Stock Code: 285) has announced an amendment to the Remuneration Committee Terms of Reference, becoming effective on 30 October 2025. Under these revised guidelines, the Remuneration Committee must comprise at least three Directors, with a majority of Independent Non-executive Directors (INEDs), and be chaired by an INED. The Company Secretary will serve as the committee’s secretary, and the Board retains the authority to adjust the committee’s composition in line with relevant listing rules.

The updated duties direct the Remuneration Committee to propose and review remuneration policies for Directors and senior management, assess management’s suggestions in light of corporate objectives, and recommend specific packages for executive and non-executive directors. The committee is empowered to seek professional external advice when necessary, meets at least once yearly, and maintains a transparent process for determining compensation packages and potential termination arrangements. The Terms of Reference will be published on both the Company’s website and The Stock Exchange of Hong Kong Limited’s website.