Corporate Governance

We have established three board committees, namely, the audit committee, the nomination committee and the remuneration committee, with respective terms of reference in compliance with the Corporate Governance Code. Our Board delegates certain responsibilities to these committees.

Audit committee

Our Company established an audit committee in compliance with the Listing Rules and with the written terms of reference in compliance with the Corporate Governance Code. The primary duties of our audit committee are to make recommendations to our Board on the appointment and removal of external auditors; to review the financial statements; to review the effectiveness of our Company’s internal audit activities, internal control and risk management systems; and to develop and implement policy on engaging external auditor to supply non-audit services.

The audit committee consists of three members, namely Mr. Yau Chung Hang, Mr. Pong Kam Keung, and Mr. Lo Ki Chiu. Mr. Yau Chung Hang serves as the chairperson.

Nomination committee

Our Company established a nomination committee with written terms of reference in compliance with the Corporate Governance Code. The primary duties of our nomination committee are to review the structure, size, composition and diversity of our Board on a regular basis; to identify individuals suitably qualified to become Board members; to assess the independence of independent non-executive Directors; to make recommendations to our Board on relevant matters relating to the appointment or re-appointment of Directors and succession planning for directors; and to make recommendations to our Board regarding candidates to fill vacancies on our Board and/or in senior management.

The nomination committee consists of three members, namely Ms. KY Tsui , Mr. Yau Chung Hang and Mr. Lo Ki Chiu.  Ms. KY Tsui serves as the chairperson.

Remuneration committee

Our Company established a remuneration committee in compliance with the Listing Rules and with the written terms of reference in compliance with the Corporate Governance Code. The primary duties of the remuneration committee are to review and make recommendations to our Board on the overall remuneration policy and structure relating to all Directors and senior management of our Group; to review and make recommendations to our Board on other remuneration-related matters, including benefits-in-kind and other compensation payable to our Directors and senior management; and to review performance based remunerations and to establish a formal and transparent procedure for developing policy in relation to remuneration.

The remuneration committee consist of three member, namely, Mr. Pong Kam Keung, Mr. Yau Chung Hang and Mr. Benjamin Ng. Mr. Pong Kam Keung serves as the chairperson.