The Group has been endeavoring to maintain a high standard of corporate governance and fulfilling the requirements by laws and regulations. In order to achieve the objectives of corporate governance, we have ascertained that our corporate decisions’ program, internal audits and controls, information disclosure and communication with shareholders have all fulfilled the requirements of a well and practical management as well as in full compliance with regulatory standards. Introduction of the Group’s Remuneration Committee and Audit Committee and their members are as follows:

Remuneration Committee (Terms of Reference)

Introduction
The role and function of the Remuneration Committee include the determination of the specific remuneration packages of all executive directors and senior management, including benefits in kind, pension rights and compensation payments, including any compensation payable for loss or termination of their office or appointment, and make recommendations to the board of the directors on the remuneration of non-executive directors. The Remuneration Committee should consider factors such as salaries index, time commitment and responsibilities of the directors.

Members
The Committee comprises five members, including three independent non-executive directors namely Mr. Kee Wah Sze, Mr. Choi Wai Yin and Mr. Chan Pat Lam, one non-executive director namely Mr. Leung Shun Sang, Tony and one executive director namely Mr. So Kwok Hoo. The Committee is chaired by Mr. Leung Shun Sang, Tony.
 

Audit Committee (Terms of Reference)

Introduction
The Group has an Audit Committee which was established in accordance with the requirements of the Code of the Best Practice for the purposes of reviewing and supervision over the Groups’ financial reporting process and internal controls. The written terms of reference which describe the authority and duties of the Audit Committee were prepared and adopted with reference to “A Guide for The Formation of An Audit Committee” published by the Hong Kong Institute of Certified Public Accountants. The primary roles and functions of the Audit Committee are to review and supervise the financial reporting process and internal controls systems of the Group. The Audit Committee is also responsible for considering the appointment of the external auditor and reviewing any non-audit functions performed by the external auditor.

Members
The Audit Committee comprises three independent non-executive directors, namely Mr. Kee Wah Sze, Mr. Choi Wai Yin and Mr. Chan Pat Lam. The Committee is chaired by Mr. Choi Wai Yin.

Nomination Committee (Terms of Reference)

Introduction
The primary role and function of the Nomination Committee are to review the structure, size and composition of the board of directors, identify individuals suitably qualified to become directors, make recommendations to the board of directors on relevant matters relating to appointment or re-appointment of directors and succession planning for directors and assess the independence of independent non-executive directors.

Members
The committee comprises five members, including three independent non-executive directors namely Mr. Kee Wah Sze, Mr. Choi Wai Yin and Mr. Chan Pat Lam and two executive directors namely Mr. Cao Zhong and Mr. Wong Lik Ping. The Committee is chaired by Mr. Cao Zhong.