GREENLAND HONG KONG HOLDINGS LIMITED has released an amended Terms of Reference for its Nomination Committee, effective 18 May 2026. Key provisions are as follows:
• Committee Structure: The Board-appointed committee must comprise at least three directors, with independent non-executive directors (INEDs) forming the majority. The Committee chair will be either the Board chairman or an INED. Alternate members are not permitted.
• Meeting Requirements: The Committee will meet at least once per year, with additional sessions convened as necessary. A quorum requires two members, including at least one INED.
• Authorities: The Committee is empowered to review and recommend on all matters within its remit, obtain independent professional advice at the Company’s expense, and access sufficient resources to fulfil its duties.
• Core Responsibilities: – Formulate and implement Board nomination policy. – Conduct an annual review of Board structure, size and composition, maintaining a skills matrix aligned with corporate strategy. – Identify and recommend qualified candidates for directorships and assess INED independence. – Advise on director appointments, re-appointments and succession planning, especially for the chairman and chief executive roles. – Support regular evaluations of Board performance.
• Reporting: After each meeting, the Committee chair will brief the full Board on decisions and recommendations. Meeting minutes and written resolutions will be circulated to all directors to ensure transparency.
The revised charter underscores GREENLAND HK’s commitment to robust corporate governance, formalising enhanced oversight of Board composition and succession planning.
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