There are three committees under the Board, namely the Audit Committee, the Remuneration Committee and the Nomination Committee.
The Board has established an Audit Committee with written terms of reference based as suggested under the Code of Best Practice set out in Appendix 14 of the Listing Rules and a Guide for Effective Audit Committee published by Hong Kong Institute of CPA.
The Audit Committee comprises all Independent Non-Executive Directors, namely Mr. Ross Yu Limjoco as the Chairman, Mr. Lei Jun and Mr. Zheng Yilei. The Board is satisfied that these Directors possess relevant qualifications and management expertise to enable them to discharge fully the duties of the Audit Committee.
The Board established the Remuneration Committee and adopted the new terms of reference so as to be in alignment with the mandatory provisions set out in the Corporate Governance Code.
The Remuneration Committee comprises all Independent Non-Executive Directors, namely Mr. Zheng Yilei as the Chairman, Mr. Lei Jun and Mr. Ross Yu Limjoco.
The Board established the Nomination Committee with written terms of reference based as suggested under the new Corporate Governance Code.
The Nomination Committee comprises two Independent Non-Executive Directors, namelyMr. Lei Jun as the Chairman and Mr. Zheng Yilei, and one Executive Director, namely Ms. Lo Ching.