Investor
Relations

Corporate Governance

Audit Committee

Our Group established an audit committee on 10 May 2018 in compliance with Rule 3.21 of the Listing Rules and with written terms of reference in compliance with the Corporate Governance Code. The primary duties of the audit committee are to review and supervise the financial reporting process and internal control procedures of our Group, and to develop and review the policies and procedures for corporate governance and make recommendations to the Board.

Audit committee: Mr. Pang Hon Chung (Chairman)
Professor Wu Jinwen
Mr. Huang Yaohui

Remuneration committee

Our Group established a remuneration committee pursuant to a resolution of our Directors passed on 10 May 2018 and with written terms of reference in compliance with Rule 3.25 of the Listing Rules and with written terms of reference in compliance with the Corporate Governance Code. The primary duties of the remuneration committee are to review and to determine the terms of remuneration packages, bonuses and other compensation payable to our Directors and other senior management and to establish a formal and transparent procedure for developing policy in relation to remuneration.

Remuneration committee: Professor Wu Jinwen (Chairman)
Ms. Tong Wai Man
Mr. Huang Yaohui

Nomination committee

Our Group established a nomination committee pursuant to a resolution of the Directors passed on 10 May 2018 and with written terms of reference in compliance with the Corporate Governance Code. The primary duties of the nomination committee are to review the structure, size, composition and diversity of the Board and make recommendations to the Board on the appointment of Directors and management of Board succession.

Nomination committee: Mr. Yang Jinming (Chairman)
Mr. Pang Hon Chung
Professor Wu Jinwen

Roles of chairman of the Board and chief executive officer

Mr. Yang Jinming has been managing our Group’s business and overall strategic planning since September 2006. Our Directors believe that the vesting of the roles of chairman of our Board and chief executive officer in Mr. Yang Jinming is beneficial to the business operations and management of our Group and will provide a strong and consistent leadership to our Group. Accordingly, our Company has not segregated the roles of our chairman and chief executive officer as required under Code Provision A.2.1 of the Corporate Governance Code. Save for Code Provision A.2.1 of the Corporate Governance Code, our Company’s corporate governance practices have complied with the Corporate Governance Code.