Bank of Communications Co., Ltd. underwent a further revision of the Working Rules of the Personnel and Remuneration Committee on October 30, 2025, following multiple amendments in previous years. These updated regulations aim to strengthen the decision-making mechanism, improve governance structures, and refine nomination and remuneration management.

The revised rules specify that the committee consists of three to five directors, the majority serving as independent directors, and at least one member from a different gender. A dedicated chairman, who must be an independent director, will oversee the committee’s operations and ensure that information and meeting agendas are clearly communicated to all members.

Key duties encompass reviewing the board’s structure and making recommendations on size and composition, formulating criteria for director and senior management nominations, and examining remuneration policies for directors and senior officers. The committee also coordinates performance assessments for senior management, approves compensation-related matters, and ensures that remuneration measures align with the bank’s strategic objectives and regulatory standards.

The revised rules outline formal procedures for nominating and appointing both directors and senior management, including initial qualification reviews and submission of proposals. These changes further emphasize the committee’s authority to investigate human resources, performance reviews, and remuneration policies when deemed necessary.

Upon the board’s approval, the new version becomes effective immediately, superseding the original document. The committee office, operating under the Board of Directors’ Office and cooperating with designated departments, supports the committee’s day-to-day administration, information gathering, and ensures that all newly established requirements are properly implemented.