Investor Relations> Corporate Governance
Investor Relations
Corporate Governance

Audit Committee

The Company established an audit committee with written terms of reference in compliance with the Corporate Governance Code and Corporate Governance Report as set out in Appendix 14 to the Listing Rules. The audit committee consists of three members, Mr. Lam, Chi Yuen Nelson, Mr. Zhao Lihua and Mr. Yue Zheng (all of them are our independent non-executive Directors). Mr. Lam, Chi Yuen Nelson has been appointed as the chairman of the audit committee, and is our independent non-executive director possessing the appropriate professional qualifications. The primary duties of the audit committee are to review the financial information of the Company, to oversee the financial reporting process, risk management and internal control systems of the Group, to oversee the audit process, to make recommendation on the appointment, re-appointment and removal of external auditor and to perform other duties and responsibilities as assigned by the Board.

Nomination Committee

The Company established a nomination committee with written terms of reference in compliance with the Corporate Governance Code and Corporate Governance Report as set out in Appendix 14 to the Listing Rules. The nomination committee consists of three members, namely Mr. Zeng Yunshu (our executive Director and a Co-chairman), Mr. Zhao Lihua (our independent non-executive Director) and Mr. Yue Zheng (our independent non-executive Director). Mr. Zhao Lihua, our independent non-executive Director, has been appointed as the chairman of the nomination committee. The primary duties of the nomination committee are to review the structure, size and composition of the Board and make recommendations to our Board on the appointment and removal of Directors of our Company.

Remuneration Committee

The Company established a remuneration committee with written terms of reference in compliance with the Corporate Governance Code and Corporate Governance Report as set out in Appendix 14 to the Listing Rules. The remuneration committee has three members, namely Mr. Wang Dewen (our executive Director and Co-CEO), Mr. Yue Zheng (our independent non-executive Director) and Mr. Lam, Chi Yuen Nelson (our independent non-executive Director). Mr. Yue Zheng, our independent non-executive Director, has been appointed as the chairman of the remuneration committee. The primary duties of the remuneration committee are to make recommendations to the Board on the policy and structure for all Directors’ and senior management remuneration and to make recommendations to the Board on the remuneration packages of individual Directors and senior management.