Summary by Moomoo AI
Gian Fung Lieu established a Board Nomination Committee to improve the corporate governance structure of the company, enhance the scientific and democratic nature of Board elections, and optimize the composition of the Board. The Committee is composed of 3 directors, of which at least 2 are independent non-executive directors. The Committee is primarily responsible for making recommendations and replacements for director and president nominees, and for making recommendations on diversity policies for board members. The establishment of the Nomination Committee aims to raise the level of corporate governance and ensure that the quality of board members matches the company's development strategy. The Board has the same tenure as the Board of Directors, with staff replacements where necessary. In addition, the Committee shall meet at least once a year to assess the performance of directors and senior management and make recommendations on any necessary personnel changes. The Company will provide the Nominating Committee with the necessary resources to fulfill its duties.