Summary by Futu AI
China Res Beer announced the establishment of a Compensation Committee on June 27, 2024. The committee is established by the board of directors and consists of at least three members selected from executive and non-executive directors, most of whom are independent directors. The chairman of the committee shall be appointed by the board of directors and shall be an independent director. The committee is responsible for reviewing the company's compensation policy and making recommendations to the board of directors. The committee shall hold at least one meeting per year and may hold additional meetings as needed. The committee has the power to make decisions on the compensation and benefits of directors and senior management, and to seek external professional opinions. In addition, the committee will ensure that the board of directors is aware of market trends and practices and will report its decisions or recommendations to the board of directors.