Board Committee

Board Committee

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 primary duties of the audit committee are to review and supervise our financial reporting process and internal control system of our Group, oversee the audit process, risk management process and external audit functions.

The audit committee consists of three members, namely, Mr. Hung Ka Hai, Clement, Dr. Zhu Guobin andDr. Zang Yunzhi. The chairman of the audit committee is Mr. Hung Ka Hai, Clement.

Terms of Reference of the Audit-Committee

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 primary duties of the remuneration committee are to make recommendations to the Board on our Company’s policy and structure concerning the remuneration of our Directors and senior management and on the establishment of a formal and transparent procedure for developing remuneration policy, review and approve performance based remuneration by reference to corporate goals and objectives, to determine the terms of the specific remuneration package of each executive Director and senior management and to ensure none of our Directors determine their own remuneration.

The remuneration committee consists of three members, namely Dr. Zhu Guobin, Mr. Xiao Guoqing and Mr. Hung Ka Hai, Clement. The chairman of the remuneration committee is Dr. Zhu Guobin.

Terms of Reference of the Remuneration Committee

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 primary duties of the nomination committee are to review our board diversity policy and make recommendations to our Board on the appointment of members of our Board.

The nomination committee consists of three members, namely, Mr. Wu Wei, Dr. Zhu Guobin and Mr. Hung Ka Hai, Clement. The chairman of the nomination committee is Mr. Wu Wei.

Terms of Reference of the Nomination Committee