HTSC released an updated framework governing five specialized committees under its Board of Directors, aiming to enhance decision-making and corporate governance. According to the announcement, the revised Terms of Reference clarify membership structures, key responsibilities, and reporting duties for the Compliance and Risk Management Committee, Audit Committee, Development Strategy Committee, Nomination Committee, and Remuneration and Appraisal Committee. Each committee is composed of three to five directors, with a majority of members on certain committees required to be independent non-executive directors.

The announcement highlights detailed functions for each group. The Compliance and Risk Management Committee oversees compliance policies, risk evaluation, and internal control standards. The Audit Committee supervises the company’s financial disclosures, internal and external audits, and internal control reviews. The Development Strategy Committee focuses on short-, medium-, and long-term strategic planning and major investment decisions. The Nomination Committee manages the selection and qualification review of directors and senior management, while the Remuneration and Appraisal Committee formulates compensation structures and performance evaluation standards.

Additional guidance in the revised Terms of Reference covers meeting frequency, procedural requirements, and confidentiality obligations. The document takes effect upon the Board’s approval, and previous procedures are considered void as of the same date.