The audit committee has been established with specific written terms of reference formulated in accordance with the requirements of the Listing Rules of The Stock Exchange of Hong Kong Limited. The audit committee is mainly responsible for, among others, (a) reviewing and providing supervision over the Group's financial reporting process; (b) reviewing the systems of internal control and risk management of the Group; (c) reviewing any changes in accounting policies and practices adopted by the Group; (d) reviewing the audited financial statements and the annual report of the Company; and (e) maintaining an appropriate relationship with the external auditors of the Group.
The audit committee comprises three independent non-executive directors of the Company, namely Mr. Leung Ting Yuk (Chairman), Mr. Ng Wing Ka and Mr. Sun Li Ming.
The remuneration committee has been established for the purpose of making recommendations to the Board on the Company's policy and structure for all remuneration of directors and senior management. The written terms of reference which describes the authority and duties of the remuneration committee was prepared and adopted.
The remuneration committee comprises two independent non-executive directors of the Company, namely Mr. Sun Li Ming (Chairman) and Mr. Leung Ting Yuk, and an executive director of the Company, Mr.Li Yi.
The nomination committee has been established and responsible for reviewing the structure, size and composition of the Board as well as identifying individuals suitable and qualified to become Board members. The written terms of reference which describes the authority and duties of the nomination committee was prepared and adopted. The nomination committee comprises two independent non-executive directors of the Company, namely Mr. Ng Wing Ka (Chairman) and Mr. Sun Li Ming, and an executive director of the Company, Mr.Li Yi.