Audit Committee

Pursuant to the requirements under the CG Code and the Listing Rules, the Company has established the Audit Committee comprising four independent Non-executive Directors, namely Mr. Li Zongwei (Chairman of the Audit Committee), Mr. Wu Biguang, Mr. Yao Naisheng and Mr. Wong Lung Ming and one Non-executive Director, Mr. Zhang Yiyin.

The responsibilities of the Audit Committee are to review and supervise the financial reporting process and internal control systems of the Group, oversee the audit process, provide advice and comments to the Board and perform other duties and responsibilities assigned by the Board. The Audit Committee is also responsible for reviewing the financial reporting process and financial controls, risk management and internal control systems, including the internal audit function as well as arrangements for concerns about possible improprieties in financial reporting, risk management and internal control or other matters raised by employees of the Company (the "whistle blowing").

Nomination Committee

Pursuant to the requirements under the CG Code and the Listing Rules, the Company has established the Nomination Committee comprises seven members, including two Executive Directors, Mr. Dong Jinggui (Chairman of the Nomination Committee) and Ms. Qian Jinghong, one Nonexecutive Director, Mr. Zhang Yiyin, and four Independent Non-executive Directors, Mr. Li Zongwei, Mr. Wu Biguang, Mr. Yao Naisheng and Mr. Wong Lung Ming. The main responsibilities of the Nomination Committee includes reviewing the structure, size and composition of the Board on a regular basis and making commendations on proposed changes,selecting or making commendations to the Board on the selection of individuals nominated for directorship, assessing the independence of Non-executive Directors and suggesting the Board about relevant matters relating to the appointment, re-appointment and removal of the Directors and succession planning for the Directors.

Remuneration Committee

Pursuant to the requirements under the CG Code and the Pursuant to the requirements under the CG Code and the Listing Rules, the Company has established the Remuneration Committee comprises four members, including one Nonexecutive Director, Mr. Zhang Yiyin, three Independent Non-executive Directors, Mr. Wu Biguang (Chairman of the Remuneration Committee), Mr. Yao Naisheng and Mr. Wong Lung Ming. The main responsibilities of the Remuneration Committee are to establish, review and make recommendations to the Board on the policy and structure concerning the remuneration of the senior managers of the Company and on the establishment of a formal and transparent procedure for developing policies relating to the remuneration, determine the terms of the specific remuneration package of each Executive Director and other senior managers of the Company and review and approve performance-based remuneration by reference to corporate goals and objectives resolved by the Board from time to time.