Corporate Governance

Audit Committee

The Group has established an audit committee which consists of three independent non-executive directors being Mr. Ying Wei, Mr.Shen Jinjun and Mr.Chin Siu Wa Alfred. The primary duties of the audit committee are to assist the Board by providing an independent view of the effectiveness of the financial reporting process, internal control and risk management systems of the Group, overseeing the audit process and performing other duties and responsibilities as assigned by the Board.

Remuneration Committee

The Group has established a remuneration committee which consists of independent non-executive director Mr.Chin Siu Wa Alfred, executive director Mr.Li Guoqiang and independent non-executive director Mr.Shen Jinjun. The primary duties of the remuneration committee include (but without limitation): (i) making recommendations to the Directors on the Group’s policy and structure for all remuneration of Directors and senior management and on the establishment of a formal and transparent procedure for developing policies on such remuneration; (ii) determining the terms of the specific remuneration package of the Group’s Directors and senior management; (iii) reviewing and approving performance-based remuneration by reference to corporate goals and objectives resolved by the Directors from time to time; and (iv) considering and approving the grant of share options to eligible participants pursuant to the Share Option Scheme.

Nomination Committee

The Group has established a nomination committee. The current members of the nomination committee are Mr.Shen Jinjun, Mr.Huang Yi and Mr.Chin Siu Wa Alfred. The primary function of the nomination committee is to make recommendations to our board to fill vacancies on our board.

Compliance Committee

The Group has established a compliance committee. The current members of the compliance committee are Mr. Tang Xianfeng, Mr. Huang Yi and Mr. Li Guoqiang. The primary function of the compliance committee is to ensure compliance on regulatory matters and corporate governance.

Risk Committee

The Group has established a risk committee. The current members of the risk committee are Mr.Zhang Zhicheng and Mr.Huang Yi. The primary functions of the risk committee are to determine the risk management strategies, review the risk management system of the Group as well as to assess the Group’s risk profile and risk management capabilities so as to improve the Group’s risk management and internal control systems.

ESG Committee

The Group has established a ESG committee. The members of the ESG Committee are Mr.Tang Xianfeng and Mr.Zhang Zhicheng. The ESG Committee is mainly responsible for overseeing the sustainability goals and strategies of the Company, including assessing the environmental, social and governance risks and reporting to the Board on the key domestic trend in relation to environmental, social and governance works; developing the sustainability initiatives and monitoring the performance and progress of the Company with reference to the key performance indicators and other relevant standards; and reporting to and advising the Company regarding its performance on sustainability and reviewing the environmental, social and governance reports of the Company, so as to promote the development and implementation of the environmental, social and governance works of the Company and its subsidiaries.