Shenzhen Han’s CNC Technology Co., Ltd. has issued a set of procedures outlining the purpose and functions of its Strategy Committee. According to the announcement, the initiative aims to improve corporate governance, strengthen core competitiveness, and refine medium- and long-term strategic decision-making. The Committee is also tasked with providing recommendations on sustainable development and ESG-related matters.
The announcement specifies that the Strategy Committee comprises three directors elected by the Board. One member serves as convener, responsible for organizing and presiding over meetings. The Committee conducts research on major capital operations, proposed market expansions, and other significant matters impacting the company’s long-term strategy. The Committee must review and approve relevant proposals before submitting them to the Board, and its recommendations are then forwarded for final decisions.
The announcement highlights detailed rules governing quorum, voting procedures, and conflict-of-interest disclosures. Meetings convene at least once annually, with additional special meetings possible as circumstances require. The measures also stipulate the Committee’s responsibility to maintain confidentiality and the retention of meeting records for a minimum of ten years. These procedures will take effect upon the listing of the company’s H shares on the Hong Kong Stock Exchange, as outlined in the announcement.
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