Summary by Futu AI
CHANGJIANG LIFE SCIENCES (CKLIFE SCIENCES) ANNOUNCED AN UPDATE OF THE TERMS OF REFERENCE OF ITS REMUNERATION COMMITTEE TO COMPLY WITH THE CORPORATE GOVERNANCE CODE REQUIREMENTS OF THE SECURITIES LISTING RULES OF THE HONG KONG STOCK EXCHANGE LIMITED. The Committee is composed primarily of independent non-executive directors and is responsible for formulating remuneration policies and frameworks for the Company's directors and senior management. The Committee meets at least once a year and has the power to review and approve the remuneration of directors and senior management. In addition, the Committee is required to respond to shareholders' questions at the Annual General Meeting. The updated terms of reference entered into force on 1 February 2024 and were published on the Company and the HKEX website.