WING LEE PPT (Wing Lee Property Investments Ltd.) has released an amended Terms of Reference for its Nomination Committee, first adopted on 6 February 2013 and revised on 21 August 2026.

Key governance highlights:

1. Enhanced independence and diversity • The committee must comprise a majority of independent non-executive directors and include at least one director of a different gender. • The chair will be either the Board chair or an independent non-executive director.

2. Clear membership and meeting requirements • Quorum is set at two members, with at least one independent director present. • At least one formal meeting is required each year; additional meetings can be convened as necessary.

3. Expanded nomination responsibilities • Annual review of Board structure, size and skill mix, supported by a Board skills matrix. • Development and maintenance of a formal director-nomination policy, covering procedures, criteria and processes. • Identification and recommendation of qualified board candidates and assessment of independent director status. • Evaluation of each director’s time commitment, integrity, professional qualifications and external roles. • Formulation of succession plans for directors, especially for the Board chair and chief executive. • Support for the Company’s regular Board performance evaluations. • Oversight of diversity policies for both the Board and senior management, with required disclosure of measurable objectives and progress.

4. Reporting and resource provisions • The committee will report its decisions and recommendations to the Board, subject to legal or regulatory constraints. • It has authority to obtain independent professional advice and full access to company resources and senior management.

5. Governance transparency • The updated terms will be published on both the Hong Kong Stock Exchange and company websites, ensuring stakeholders’ access to the latest governance framework.

The revisions underline WING LEE PPT’s commitment to higher governance standards, reinforcing independent oversight, gender diversity and systematic succession planning across the Board.