China International Marine Containers (Group) Co., Ltd. (CIMC) released amended “Implementation Rules of the Strategy and Sustainable Development Committee of the Board of Directors,” effective upon Board approval in May 2026.

Key revisions and framework highlights:

• Committee Scope Expanded: The Board-level Strategy and Sustainable Development Committee will research and advise on long-term strategy, sustainability (ESG) matters, and major investment decisions, including capital operations and asset management projects.

• Composition and Tenure: The committee will comprise six directors with three-year terms. A member automatically vacates the position upon stepping down as a director; non-attendance at three consecutive meetings triggers mandatory replacement.

• ESG Integration: – Sustainability risks and opportunities, including climate change, must be considered in every strategic discussion. – The committee will oversee target setting, progress monitoring, and potential linkage of ESG metrics to management compensation. – It will review CIMC’s sustainability report and related disclosures prior to publication.

• Dedicated Investment Review Panel: An internal panel, reporting directly to the committee, will vet major investments, issue written opinions, and submit formal proposals for committee deliberation before Board submission.

• Meeting Mechanics: – Convening triggers include requests by the Board Chairman, one-third of directors, or a majority of committee members; notices are issued seven days in advance. – A quorum requires two-thirds attendance, with resolutions passed by a simple majority. – Interested members must recuse themselves from relevant votes, and minutes are archived for ten years.

• Support and Accountability: Members receive full information access and may hire external advisers at the company’s expense. They are liable for losses arising from illegal resolutions unless dissent is formally recorded.

The revised rules aim to reinforce CIMC’s corporate governance by embedding ESG considerations into strategic planning and tightening controls over large-scale investments.