Wuxi Lead Intelligent (300450) has released detailed Terms of Reference governing its newly established Strategy Committee. The document indicates that the committee comprises three directors, nominated by the chairman of the Board, more than half of the independent directors, or by one-third of all directors, and elected by the Board. The committee is chaired by the chairman of the Board, whose primary focus is to study and propose the company’s long-term development strategies and major investment decisions before submitting recommendations to the full Board.

The Terms of Reference specify that the Strategy Committee is responsible for major investment, financing, capital operation, and asset management initiatives deemed significant enough to require Board approval. To support these efforts, an investment review panel led by the general manager and other appointed members provides preliminary studies and submits formal proposals to the committee. Once evaluated, outcomes are presented to the Board for a final decision.

The committee convenes as necessary, with meetings requiring at least two-thirds of its members in attendance to pass resolutions. Votes may be cast in person or via correspondence. Meeting minutes are kept by the secretary to the Board for no less than 10 years. These Terms of Reference come into effect upon the company’s H Share listing on the Hong Kong Stock Exchange.