Committees Under The Board Of Directors

1. Audit and Risk Management Committee

We have established an audit and risk management committee with written terms of reference in compliance with Rule 3.21 of the Listing Rules and the Corporate Governance Code and Corporate Governance Report as set out in Appendix 14 to the Listing Rules. The audit and risk management committee consists of three members, namely Mr. WONG Man Chung Francis, Mr. CAO Zhiguang and Mr. ZHANG Lihong. Mr. WONG Man Chung Francis has been appointed as the chairman of the audit and risk management committee and is our independent non-executive Director with the appropriate professional qualifications.

2. Remuneration Committee

We have established a remuneration committee with written terms of reference in compliance with Rule 3.25 of the Listing Rules and the Corporate Governance Code and Corporate Governance Report as set out in Appendix 14 to the Listing Rules. The remuneration committee consists of four members, namely Mr. CAO Zhiguang, Mr. DENG Huajin, Mr. ZHANG Lihong and Mr. WONG Man Chung Francis. Mr. CAO Zhiguang has been appointed as the chairman of the remuneration committee.

3. Nomination Committee

We have established a nomination committee with written terms of reference in compliance with the Code on Corporate Governance and Corporate Governance Report in Appendix 14 to the Listing Rules. The nomination committee consists of three members, namely Mr. DENG Huajin, Mr. ZHANG Lihong and Mr. CAO Zhiguang. Mr. DENG Huajin has been appointed as the chairman of the nomination committee.