Corporate Governance

BOARD COMMITTEES
The Board delegates certain responsibilities to various dedicated committees. In accordance with relevant PRC laws, regulations, the Articles and the Hong Kong Listing Rules, we have formed four board committees, namely the Audit Committee, the Remuneration Committee, the Strategy Committee and the Nomination Committee.

Audit Committee
We have established an audit committee with written terms of reference in compliance with Rule 3.21 of the Hong Kong Listing Rules and paragraph C3 of the Code on Corporate Governance Practices, as set out in Appendix 14 to the Hong Kong Listing Rules. The primary duties of the Audit Committee are to assist our Board in providing an independent view of the effectiveness of our financial reporting process, internal control and risk management system, oversee the audit process and perform other duties and responsibilities as assigned by our Board.
The Audit Committee consists of three independent non-executive Directors, being Mr. YIN Jingtao, an independent non-executive Director with the appropriate professional qualifications who serves as the chairman of the committee, Mr. XIE Zuchi and Mr. HONG Liang.

Remuneration Committee
We have established a remuneration committee with written terms of reference in compliance with paragraph B1 of the Code on Corporate Governance Practices, as set out in Appendix 14 to the Hong Kong Listing Rules.
The primary duties of the Remuneration Committee are to evaluate the performance, make recommendations on the remuneration package of our Directors and senior management, and evaluate and make recommendations on employee benefit arrangements.
The Remuneration Committee consists of three independent non-executive Directors, being Mr. HONG Liang, who is the chairman of the Remuneration Committee, Mr. YIN Jingtao and Mr. CAI Jiangnan.

Strategy Committee
We have established a strategy committee with written terms of reference in compliance with the Code on Corporate Governance Practices, as set out in Appendix 14 to the Hong Kong Listing Rules.
The primary duties of the Strategy Committee are conducting study and submitting proposals regarding our mid-to-long term development strategies and related issues.
The Strategy Committee is comprised of three directors, being Mr. CHO Man, who is the chairman of the Strategy Committee, Mr. XIE Zuchi and Mr. CAI Jiangnan, both of whom are our independent non-executive Directors.

Nomination Committee
We have set up the Nomination Committee and have specified scope of authority in writing in accordance with the Hong Kong Listing Rules setting in Appendix 14 of the Corporate Governance Code.
The Nomination Committee is mainly responsible for analyzing the candidates for directors of the Company and the selecting criteria and procedures and making recommendations to the Board. The Nomination Committee may also be responsible for analyzing the candidates for the senior management of the Company and the selecting criteria and procedures and making recommendations to the Board when necessary.
The Nomination Committee is comprised of three directors, including Mr. XIE Zuchi (Chairman)、Mr. ZHOU Jun and Mr. HONG Liang. Both Mr. XIE and Mr. HONG are our independent non-executive directors.

Mr. Zhou Jun
Chairman and Non-executive Director
Mr. Cho Man
President and Executive Director
Mr. Li Yongzhong
Executive Director and Vice President
Mr. Shen Bo
Executive Director ,Vice President ,Chief Financial Officer
Ms. Li An
Non-Executive Director
Mr. Wan Kam To
Independent Non-executive Director
Mr. Tse Cho Che, Edward
Independent Non-executive Director
Mr. Cai Jiangnan
Independent Non-executive Director
Mr. Hong Liang
Independent Non-executive Director
The subject of concern
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