Asset Chain Limited has released a revised version of its Remuneration Committee Terms of Reference, effective March 2026, detailing an expanded governance framework for director and senior-management pay.

The updated charter mandates that the committee comprise at least three members, with independent non-executive directors forming the majority. The committee chair must also be an independent non-executive director, reinforcing impartial oversight of remuneration matters.

Key responsibilities include: • Formulating and recommending a transparent remuneration policy and structure for directors and senior management, covering salaries, benefits-in-kind, pensions and termination payments. • Reviewing and approving management remuneration proposals against the board’s corporate goals and market benchmarks. • Ensuring no director participates in decisions on his or her own compensation. • Overseeing compensation linked to loss of office, dismissals or misconduct to confirm alignment with contractual terms and market standards. • Approving matters related to any share schemes governed by Chapter 17 of the Hong Kong Listing Rules.

The committee is empowered to access company information, engage external advisers and approve related fees, with expenses borne by the company. It will meet at least once a year, with a quorum of two members, and will report deliberations and recommendations directly to the board. Draft minutes must be circulated promptly, and the committee (or its delegate) will address shareholder queries on remuneration matters at annual general meetings.

The revised terms are now available on both the Hong Kong Stock Exchange and the company’s websites, underscoring Asset Chain’s commitment to enhanced transparency and robust corporate governance.