GDH Guangnan (Holdings) Limited (Stock Code: 01203) issued updated terms of reference for its Nomination Committee, reflecting its ongoing commitment to transparent director appointments and board composition. According to the document, the Board of Directors established the Nomination Committee to review board structure, size, and diversity—encompassing gender, knowledge, and experience—while promoting a transparent appointment process.
The document specifies that a majority of Nomination Committee members must be independent non-executive directors, with at least one from a different gender. Meetings occur at least once a year, with the committee authorized to obtain independent professional advice as necessary. The duties outlined include assessing the independence of independent non-executive directors, recommending appointments or re-appointments, and supporting periodic evaluations of board performance.
Originally adopted on 22 March 2012, the terms of reference underwent amendments on 22 August 2013, 29 October 2018, 30 March 2023, and 30 October 2025. The latest version is publicly available through The Stock Exchange of Hong Kong Limited’s website and the company’s own website, ensuring easy access to information regarding the committee’s functions and responsibilities.
