Corporate Governance

Our Company’s corporate governance practice are based on principles and code provisions as set out in the Corporate Governance Code in Appendix 14 to the Listing Rules. Our Company’s corporate governance practices have complied with the code on corporate governance practices.

We have established an audit committee. The audit committee approved the 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, which will come into effect upon the Listing. The audit committee consists of three members, namely Mr. Choi Wai Hin, Dr. Lo Yung Fong and Mr. Ho Lai Hong, Mr. Choi Wai Hin is the chairman of the audit committee. The primary duties of the audit committee are, among other things, to review and supervise the financial reporting process and the internal control systems of our Group.

We have established a remuneration committee. The remuneration committee approved the 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, which will come into effect upon the Listing. The remuneration committee consists of four members, namely, Dr. Lo Yung Fong, Mr Ho Lai Hong, Mr. Choi Wai Hin and Mr. Ho Wai Hon, Brian, Dr. Lo Yung Fong is the chairman of the remuneration committee. The primary duties of the remuneration committee are to make recommendations to our Board on the remuneration of our Directors and senior management of our Company, determine on behalf of our Board specific remuneration packages and conditions of employment for our Directors and senior management of our Company, and to assess the performance of our Directors and senior management of our Company.

We have established a nomination committee. The nomination committee has approved the written terms of reference in compliance with the Corporate Governance Code and Corporate Governance Report as set out in Appendix 14 to the Listing Rules, which will come into effect upon the Listing. The nomination committee consists of four members, namely, Mr. Ho Lai Hong, Dr. Lo Yung Fong, Mr. Choi Wai Hin and Mr. Ho Wai Hon, Brian, Mr. Ho Lai Hong is the chairman of the nomination committee. The primary duties of the nomination committee are to make recommendations to our Board regarding candidates to fill vacancies on our Board.