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Wasion Holdings Limited ( (HK:3393) ) just unveiled an announcement.
Wasion Holdings has updated the terms of reference for its nomination committee, refining its structure and governance framework to align board composition more closely with the company’s long-term corporate strategy. The committee must comprise at least three directors, with a majority being independent non-executive directors and at least one member of a different gender, and it is empowered to seek information from employees and obtain independent professional advice.
The revised mandate formalizes detailed duties covering board skills and diversity reviews, director nomination procedures, succession planning for the chairman and chief executive, and regular assessments of independent directors’ status and overall board performance. The committee is also tasked with reviewing board diversity policy and reporting its progress annually, reinforcing transparency and signaling to investors and other stakeholders a stronger focus on governance, gender balance and board effectiveness in the company’s leadership oversight.
More about Wasion Holdings Limited
Wasion Holdings Limited is a Cayman Islands–incorporated company listed in Hong Kong that operates in the power and energy-related equipment and solutions sector. The group focuses on advanced metering, smart power distribution and related technologies serving utilities and infrastructure customers in mainland China and selected overseas markets, and it emphasizes corporate governance in support of long-term strategic growth.
Average Trading Volume: 7,869,595
Technical Sentiment Signal: Buy
Current Market Cap: HK$28.21B
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