Dajin Heavy Industry Updates 2025 Charter for Board Strategy and Sustainable Development Committee

Bulletin Express06-04 12:25

Dajin Heavy Industry Co., Ltd. released a revised “Terms of Reference of the Strategy and Sustainable Development Committee of the Board (2025)” that formalises the committee’s scope, composition and operating procedures to strengthen corporate governance and ESG oversight.

Key structural changes • Composition: The committee will comprise three directors, with at least one independent director. The Board chairman serves as committee chairman. • Term: Committee mandates run concurrent with the Board’s term; members losing Board seats automatically forfeit committee roles. • Support system:  1) Sustainable Development Center—charged with coordinating ESG initiatives across all departments and tracking stakeholder expectations.  2) Office of the Secretary to the Board—handles meeting preparation, liaison work and record-keeping.

Expanded responsibilities • Strategic planning: Research and recommend long-term development strategy and major investment or financing plans that require Board approval. • Capital management: Evaluate significant capital operations and asset management activities. • ESG governance:  – Formulate vision, mission and strategy for sustainable development.  – Monitor performance against sustainability targets and related compliance risks.  – Provide regular ESG progress reports to the Board.

Procedural highlights • Meetings: Convened as needed with a minimum two-days’ notice; quorum set at two-thirds of members and resolutions passed by simple majority. • Documentation: Meeting materials must include strategic plans, detailed analyses and feasibility reports, vetted internally before circulation. • Expert input: The committee may engage external advisers, with expenses borne by the company. • Record-keeping: Minutes signed by attending members and archived for ten years; confidentiality obligations apply to all participants.

The revised charter takes effect immediately upon Board approval and supersedes any conflicting previous provisions, ensuring alignment with national laws, listing-place regulations and the company’s Articles of Association.

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