Top Standard Corporation has adopted an updated Terms of Reference for its Nomination Committee, aiming to reinforce corporate governance and board oversight.

The revised framework creates a Nomination Committee comprising a minimum of three directors, with a majority required to be independent non-executive directors and at least one member of a different gender. A quorum is set at two members, and the committee chair will be either the board chair or an independent non-executive director.

Key authorities include the power to: • Review the board’s structure, size and skill mix at least annually. • Recommend director appointments, re-appointments and succession planning, with explicit consideration of diversity factors such as gender, age, cultural background and professional expertise. • Assess the independence of non-executive directors on a regular basis. • Oversee director nomination policies, the board diversity policy and leadership requirements across the Group. • Obtain external professional advice, engage nomination consultants and secure necessary company resources.

Process enhancements feature: • A minimum of one meeting per year, with 14-day notice and full distribution of materials at least three days in advance. • Mandatory disclosure and abstention procedures for any committee member facing conflicts of interest. • Written resolutions permissible if unanimously agreed by all members. • Detailed minute-keeping and direct reporting to the board, as well as a requirement for the committee chair to attend the annual general meeting to address shareholder queries.

The Company Secretary serves as committee secretary, ensuring accurate records and dissemination of decisions. The updated terms, last revised on 31 March 2026, will be posted on both the company’s and Hong Kong Stock Exchange’s websites after board approval, reinforcing transparency for shareholders and stakeholders.