China International Capital Corporation Limited introduced revised Terms of Reference for its Strategy and ESG Committee under the Board of Directors. The document clarifies objectives, membership requirements, and operational procedures, aiming to enhance decision-making efficiency and oversight capabilities in both strategic development and ESG matters.

The Committee consists of at least three directors and has responsibilities that include analyzing the latest domestic and international market developments, formulating short-, medium-, and long-term corporate strategies, and offering recommendations on significant investments and corporate reforms. In terms of ESG, the Committee oversees the Company’s sustainability governance, such as advising on goals and initiatives, reviewing related reports, and supervising the implementation of major environmental policies, including carbon neutrality efforts.

Meetings are divided into regular and extraordinary sessions, with at least one regular meeting required each year. A chairman presides over these meetings, and resolutions are passed if approved by more than half of the Committee’s members. Any Committee member with a conflict of interest in a specific item must abstain from the vote. The document further stipulates that external professionals may be engaged when necessary and that all Committee decisions are ultimately subject to the Board of Directors’ consideration.