China International Marine Containers (Group) Co., Ltd. (CIMC) has issued amended “Implementation Rules of the Risk Management Committee of the Board of Directors,” effective May 2026, to enhance its risk governance architecture and internal control discipline.

Key Highlights

1. Purpose and Scope The updated rules align with the Company Law of the People’s Republic of China, Standards on Corporate Governance of Listed Companies, and the Basic Norms for Enterprise Internal Controls. They aim to strengthen enterprise-wide risk management, compliance oversight and the internal control system.

2. Committee Structure • The Risk Management Committee comprises five directors. • Members are nominated by the Board Chair, at least one-half of the independent directors, or one-third of all directors, and are elected by the full Board. • The committee chair is appointed by the Board. • Members’ tenure mirrors their directorship term and can be renewed upon re-election. • Directors missing three consecutive committee meetings will be replaced by Board resolution.

3. Core Responsibilities The committee supervises and advises on: • Overall planning and annual work plans for risk management and internal controls. • Establishment of organisational structures and functional responsibilities for risk oversight. • Formulation and review of internal rules, workflows and significant risk solutions. • Evaluation of risks related to major investment, financing and operational activities. • Investigation findings on major risk events and other Board-assigned risk matters. All proposals require Board approval and, when necessary, shareholder approval before implementation.

4. Operational Mechanics • Regular meetings: at least two per year (once every half-year). • Interim meetings: convened within ten working days upon request by the Board Chair, more than one-third of directors, more than half of committee members, management or in emergencies. • Quorum: at least two-thirds of members; resolutions pass with a simple majority. • Meeting notices: issued seven days in advance and must specify date, venue, agenda and issuance date. • Voting methods: show of hands, correspondence or poll. • Members with conflicts of interest must abstain from voting on related topics.

5. Support and Resources The internal risk control division of the auditing and monitoring department forms the committee’s working team and coordinates information collection, meeting preparation and documentation. The company secretary assists members, and external advisors may be engaged at the company’s expense when specialized input is required.

6. Confidentiality and Record-Keeping Meeting minutes must accurately reflect discussions, be signed by attendees, and retained for ten years. Members are bound by confidentiality obligations regarding all deliberations unless disclosure is mandated by regulation.

7. Interpretation and Effectiveness The Board reserves the right to interpret and amend the rules. Any conflict with new laws, regulatory requirements or the company’s Articles of Association will defer to those higher-precedence documents.

The revised implementation rules underscore CIMC’s commitment to institutionalizing risk oversight, bolstering internal controls and ensuring that governance practices remain consistent with evolving regulatory standards.