Board Committees

To assist the Board in fulfilling its duties, Board Committees are formed to oversee specific aspects of company affairs. At the moment, we have three committees: the Audit Committee, the Nomination Committee and the Remuneration Committee.

Audit Committee
Our Board has established an audit committee with written terms of reference in compliance with the Corporate Governance Code and Corporate Governance Report in Appendix 14 of the Listing Rules.

The primary duties of the audit committee are mainly to make recommendations to our Board on the appointment and removal of external auditor, review the financial statements and material advice in respect of financial reporting, and oversee financial reporting system and internal control procedures of our Company.

At present, the audit committee consists of four members, namely Mr. Chau Chi Yan Benny, Ms. Ng Chung Yan Linda, Mr. Ng Man Kung and Mr. Sze Yeuk Lung Benedict. Ms. Ng is the chairman of the audit committee.

Nomination Committee
Our Board has established a nomination committee with written terms of reference in compliance with the Corporate Governance Code and Corporate Governance Report in Appendix 14 of the Listing Rules. The primary functions of the nomination committee are to review the structure, size and composition of our Board and make recommendations to our Board regarding candidates to fill vacancies on our Board. At present, the nomination committee consists of five members, namely Mr. Chau On Ta Yuen, Mr. Chan Kwan, Ms. Ng Chung Yan Linda, Mr. Ng Man Kung and Mr. Sze Yeuk Lung Benedict. Mr. Chau is the chairman of the nomination committee.

Remuneration Committee
Our Board has established a remuneration committee with written terms of reference in compliance with the Corporate Governance Code and Corporate Governance Report in Appendix 14 of the Listing Rules. The primary duties of the remuneration committee are mainly to make recommendation to our Board on the overall remuneration policy and structure relating to all directors and senior management of our Group, review remuneration proposals of the management with reference to our Board’s corporate goals and objectives, and ensure none of our Directors or any of their associates determine their own remuneration. At present, the remuneration committee consists of four members, namely Mr. Chan Pak Lam Brian, Ms. Ng Chung Yan Linda, Mr. Ng Man Kung and Mr. Sze Yeuk Lung Benedict. Mr. Ng is the chairman of the remuneration committee.