On January 16, 2026, ALSCO POOLING (02649) published the “Terms of Reference for the Remuneration Committee of the Board of Directors.” According to the announcement, the document aims to establish a clear structure for evaluating and compensating directors, supervisors, and senior management, in line with the Company Law of the People’s Republic of China and the Hong Kong Listing Rules.
The announcement outlines the committee’s responsibilities, including formulating appraisal standards, reviewing performance, and drafting relevant remuneration and reward plans. It stipulates that the Remuneration Committee must comprise more than three directors, with a majority being independent non-executive directors. The chairman of the committee must also be an independent non-executive director.
In terms of operating procedures, meetings shall be convened at least once a year, and any remuneration proposals must receive approval through the Board of Directors. The document also details the rights of the committee to seek external professional advice when necessary. Members and other attendees bear confidentiality obligations, and all resolutions, along with voting results, are required to be presented in writing to the Board.
The announcement confirms that these terms of reference will take effect from the date ALSCO POOLING’s H-shares are listed on The Stock Exchange of Hong Kong Limited. In the event of conflicts between these terms of reference and any applicable laws or regulations, the relevant higher-level rules prevail.
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