Corporate Governance

Audit Committee

 

We have established an audit committee on December 4, 2014 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 of the Hong Kong Listing Rules. The audit committee consists of four members, one of whom is a non-executive Director being Mr. Zhang Huawei(张华威), and three of whom are independent non-executive Directors, being Mr. Lee Kin Keung(李健强), Mr. Qiu Guixing(邱贵兴)and Mr. Jia Lianshun(贾连顺).

The audit committee is chaired by Mr. Lee Kin Keung(李健强). The primary duties of the audit committee are to assist the Board by providing an independent view of the effectiveness of the financial reporting process, internal control and risk management system of our Group, to oversee the audit process, to develop and review our policies and to perform other duties and responsibilities as assigned by our Board.

 

Remuneration Committee

 

We have established a remuneration committee on December 4, 2014 with written terms of reference in compliance with Rule 3.25 of the Hong Kong Listing Rules and paragraph B1 of the Code on Corporate Governance Practices as set out in Appendix 14 of the Hong Kong Listing Rules. The remuneration committee consists of four members, three of whom are independent non-executive Directors, being Mr. Lee Kin Keung(李健强), Mr. Qiu Guixing(邱贵兴)and Mr. Jia Lianshun(贾连顺), one of whom is a non-executive Director being Mr. Zhang Huawei(张华 威). The remuneration committee is chaired by Mr. Lee Kin Keung(李健强). The primary duties of the remuneration committee include (but without limitation): (i) making recommendations to the Directors regarding our policy and structure for the remuneration of all our Directors and senior management and on the establishment of a formal and transparent procedure for developing remuneration policies; (ii) making recommendations to the Board on the remuneration packages of our Directors and senior management; and (iii) reviewing and approving the management’s remuneration proposals with reference to the Board’s corporate goals and objectives.

 

Nomination Committee

 

We have established a nomination committee on December 4, 2014 with written terms of reference. The nomination committee consists of four members, namely Mr. Gong Jianbo(弓剑波), our executive Director, and Mr. Lee Kin Keung(李健强), Mr. Qiu Guixing(邱贵兴)and Mr. Jia Lianshun(贾连顺), our independent non-executive Directors. The chairman of the nomination committee is Mr. Gong Jianbo(弓剑波). The primary function of the nomination committee is to make recommendations to our Board on the appointment of members of our Board and to ensure the diversity of our Board members.