Pacific Century Premium Developments Limited (PCPD) revised and approved its Remuneration Committee Terms of Reference on 13 November 2025. The updated document reaffirms the committee’s authority and sets forth procedures for developing remuneration policies, overseeing executive packages, and administering share incentive schemes.

Key updates include ensuring a transparent framework for determining the remuneration of executive directors and senior management, along with guidelines on the committee’s membership composition—requiring a majority of independent non-executive directors. The revised terms also clarify the committee's responsibilities in administering the company’s share option scheme and other equity-based programs, and in reporting directly to the Board. Meetings will be held at least once a year to fulfill these duties.

The document further outlines the committee’s authorization to engage external consultants and the requirement for formal approval of compensation arrangements. It highlights the importance of reviewing and approving all remuneration proposals referencing the Board’s corporate objectives, while safeguarding fairness in compensation and termination arrangements. The committee will provide regular updates to the Board and review its Terms of Reference annually.