SHENZHEN INTERNATIONAL HOLDINGS LIMITED RECENTLY UPDATED THE TERMS OF REFERENCE OF ITS REMUNERATION AND APPRAISAL COMMITTEE. The Committee is a specialized committee set up by the Board of Directors to review the remuneration policies and structure of directors and senior management, and to make recommendations to the Board of Directors. The Committee shall consist of at least three members, of which more than half must be independent non-executive directors. The Chairman of the Committee is re-elected by the Members and appointed by the Board of Directors and must attend the Annual General Meeting to answer inquiries concerning the Committee's affairs. The Committee meets at least once a year and may hold additional meetings as needed. The Committee...Show More

SHENZHEN INTERNATIONAL HOLDINGS LIMITED RECENTLY UPDATED THE TERMS OF REFERENCE OF ITS REMUNERATION AND APPRAISAL COMMITTEE. The Committee is a specialized committee set up by the Board of Directors to review the remuneration policies and structure of directors and senior management, and to make recommendations to the Board of Directors. The Committee shall consist of at least three members, of which more than half must be independent non-executive directors. The Chairman of the Committee is re-elected by the Members and appointed by the Board of Directors and must attend the Annual General Meeting to answer inquiries concerning the Committee's affairs. The Committee meets at least once a year and may hold additional meetings as needed. The Committee's responsibilities include reviewing remuneration levels, policies and frameworks for directors and senior management, reviewing performance assessment measures, and reviewing and approving incentive schemes for remuneration. The Committee is also responsible for reviewing the work and progress of the Committee disclosed in the Company's annual reports and is authorized by the Board of Directors to conduct such matters. The terms of reference have undergone several revisions since 2004, the most recent revision being approved by the Board in January 2024.