Company: HMDCF
Filing Date: 2025-03-19
Form Type: 20-F
Source: 0001410578-25-000377
Chunk: 589

Company: HUTCHMED (China) Ltd
Filing Date: 2025-03-19
Form: 20-F
Item: Item 6
Chunk 589
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Director Compensation.”
Vesting of our LTIP awards will also depend upon the award holder’s continued employment or continued service on our board, as the case may be. 
In the year ended December 31, 2024, an aggregate of 2,173,203 ADSs were given to award holders upon the vesting of performance based LTIP awards, and 57,669 ADSs were given to award holders upon the vesting of non-performance based LTIP awards.
C.   Board Practices.
Our board of directors consists of eleven directors including two executive directors, three non-executive directors and six independent non-executive directors. Pursuant to a relationship agreement dated April 21, 2006, and amended and restated on June 13, 2019, by and between our company and Hutchison Whampoa (China) Limited, a parent company of Hutchison Healthcare Holdings Limited, or the Relationship Agreement, our board of directors must consist of at least one director who is independent of the CK Hutchison group if Hutchison Whampoa (China) Limited is entitled to cast at least 50% votes eligible to be cast on a poll vote at a general meeting of our company. The Relationship Agreement will continue in effect until our ordinary shares cease to be traded on the AIM market or the CK Hutchison group individually or collectively ceases to hold at least 30% of our shares.
Under the Articles of Association, our directors are subject to retirement at an annual general meeting at least once every three years and hold office until such time as they wish to retire and not offer themselves up for re-election, are not re-elected by the shareholders, or are removed from office by ordinary resolution at a general meeting of the shareholders. Under our Articles of Association, a director will be vacated if, among other things, the director (i) becomes bankrupt or has a receiving order made against him or suspends payment or compounds with his creditors; or (ii) becomes of unsound mind. For information regarding the period during which our officers and directors have served in their respective positions, please see Item 6.A. “Directors and Senior Management.”
Board Committees
Our board of directors has established an audit committee, nomination committee, remuneration committee, sustainability committee and technical committee.
Audit Committee
Our audit committee consists of Mr. Graeme Allan Jack, Mr. Paul Rutherford Carter, Dr. Renu Bhatia and Mr. Wong Tak Wai, with Mr. Graeme Allan Jack serving as chairman