On 8 May 2026 CIMC’s eleventh Board of Directors convened its sixth meeting for 2026, with all nine directors voting by correspondence. The session focused on a broad overhaul of corporate governance policies and committee charters, as well as remuneration matters affecting independent and external directors.

Key takeaways:

1. Comprehensive revision of committee rules • Unanimous approval was granted to updated implementation rules for five core board committees—Audit; Strategy & Sustainable Development; Nomination; Remuneration & Appraisal; and Risk Management. • The changes aim to refine responsibilities, voting procedures and oversight mechanisms. Amended documents were released concurrently on 8 May 2026.

2. Strengthened governance infrastructure • The Board updated nine additional governance documents, including the Information Disclosure Management System, Connected Transactions Management System, Insider Registration & Management System, Investor Relations Management System, Rules for Selecting Accounting Firms, and the Internal Audit System. • Two new policies were formulated: a Management System for the Resignation of Directors and Senior Management, and draft Rules of Remuneration Management for Directors and Senior Management. Both drafts require shareholder approval.

3. Board composition enhancement • Independent director Mr Wong Kwai Huen, Albert was appointed to the Strategy & Sustainable Development Committee, assuming responsibility for coordinating the group’s ESG initiatives.

4. Proposed increase in fixed allowances • The Board proposed lifting the annual fixed allowance for each independent director and for external directors representing non-shareholder entities to RMB 0.30 million (pre-tax). • Abstaining from the vote were four directors directly affected by the change; the remaining five directors approved the proposal, which now awaits shareholder ratification.

All approved or proposed documents and policy drafts were disclosed on CIMC’s and the Hong Kong Stock Exchange’s websites on 8 May 2026.