Corporate Governance

Audit and Risk Management Committee
The Company has established the Audit and Risk Management Committee in compliance with Rule 3.21 of the Listing Rules and the Corporate Governance Code as set out in Appendix 14 to the Listing Rules. The primary duties of the Audit and Risk Management Committee are to oversee the financial reporting system, risk management and internal control systems of the Group, review the financial information of the Company and consider issues relating to the external auditors and their appointment.

The Audit and Risk Management Committee consists of three Directors. The members of the Audit and Risk Management Committee are:

Mr. Yifan Li (Chairman)
Mr. Erh Fei Liu
Mr. Jun Gao

Remuneration Committee
The Company has established the Remuneration Committee of the Board in compliance with Rule 3.25 of the Listing Rules and the Corporate Governance Code as set out in Appendix 14 to the Listing Rules. The primary duties of the Remuneration Committee are to make recommendations to the Board on the Company’s policy and structure for all remuneration of Directors and senior management and on the establishment of a formal and transparent procedure for developing policy on such remuneration.

The Remuneration Committee consists of three Directors. The members of the remuneration committee are:
Dr. Jingsong Wang (Chairman)
Mr. Yifan Li
Dr. Song Li

Nomination Committee
The Company has established the Nomination Committee of the Board as recommended by the Corporate Governance Code as set out in Appendix 14 to the Listing Rules. The primary duties of the Nomination Committee are to review the structure, size and composition of the Board, assess the independence of the Independent Non-executive Directors and make recommendations to the Board on the appointment and re-appointment of Directors and succession planning for Directors.
The Nomination Committee consists of three Directors. The members of the Nomination Committee are:
Dr. Jingsong Wang (Chairman)
Mr. Erh Fei Liu
Dr. Song Li