Corporate Governance

DIRECTORS AND
SENIOR MANAGEMENT
Audit
Committee
Remuneration
Committee
Nomination
Committee

Executive Directors

Name Existing Position in Our Company
LI Shifa Chairman of the Board, president and Executive Director
PAN Naiyue Executive Director, Chief Executive Officer
WU Guolin Executive Director, chief operating officer
Zhuo Shunhua Executive Director, senior vice-president
Shi Lianghua Executive Director, senior vice-president
LI Huifang Executive Director, senior vice-president
CHEN Runfu Executive Director,

Non-executive Directors

Name Existing Position in Our Company
Huang Xufeng Non-executive Director
LI Qing Non-executive Director
FU Bing Non-executive Director

Independent Non-executive Directors

Name Existing Position in Our Company
GUO Jingbin Independent non-executive Director
FUNG Ching
Simon
Independent non-executive Director
WANG Tianye Independent non-executive Director
LEUNG Chi Ching
Frederick
Independent non-executive Director
CHEN Yaomin Independent non-executive Director

Audit Committee

The Company established an audit committee with written terms of reference in compliance with the Corporate Governance Code and Corporate Governance Report as set out in Appendix 14 to the Listing Rules. The Audit Committee consists of three members, namely Mr. Fung Ching Simon, Mr. Guo Jingbin and Mr. Leung Chi Ching Frederick. Mr. Fung Ching Simon has been appointed as the chairman of the Audit Committee, and is our independent non-executive Director with the appropriate professional qualifications. The primary duties of the Audit Committee are to review and supervise the financial reporting process and risk management and internal control systems of the Group, oversee the audit process and perform other duties and responsibilities as assigned by our Board.

Terms of Reference of the Audit Committee of the Board of the Company

Remuneration Committee

The Company established a remuneration committee with written terms of reference in compliance with the Corporate Governance Code and Corporate Governance Report as set out in Appendix 14 to the Listing Rules. The Remuneration Committee consists of three independent non-executive Directors, being Mr. Guo Jingbin, Mr. Fung Ching Simon and Mr. Wang Tianye, And an executive director (Mr. Li Shifa) and a non executive director (MS Li Qing). Mr. Guo Jingbin, our independent non-executive Director, has been appointed as the chairman of the Remuneration Committee. The primary duties of the Remuneration Committee are to establish and review the policy and structure of the remuneration for the Directors and senior management and make recommendations on employee benefit arrangement.

Terms of Reference of the Remuneration Committee of the Board of the Company

Nomination Committee

The Company established a nomination committee with written terms of reference in compliance with the Corporate Governance Code and Corporate Governance Report as set out in Appendix 14 to the Listing Rules. The Nomination Committee consists of three independent non-executive Directors, being Mr. Guo Jingbin, Mr. Wang Tianye and Mr. Leung Chi Ching Frederick, And an executive director (Mr. Li Shifa) and a non executive director (MS Li Qing), our chairman of the Board, has been appointed as the chairman of the Nomination Committee. The primary duties of the Nomination Committee are to make recommendations to our Board on the appointment and removal of Directors of our Company.

Terms of Reference of the Nomination Committee of the Board of the Company