Audit Committee

On December 3, 2011, the company established an audit committee in accordance with the corporate governance practice code set out in Appendix 14 of the listing rules,  listed its terms of reference in writing. The main responsibility of the audit committee is to review  approve the group's financial reporting procedures  internal control system. The audit committee is composed of all independent non-executive directors, namely Zhang Baixiang, Xu Yiliang, Li Guoxing. Zhang Baixiang is the chairman of the audit committee.

Remuneration Committee

On December 3, 2011, the company has established a Remuneration Committee in accordance with the corporate governance practices set out in Appendix 14 of the listing rules,  listed its terms of reference in writing. The main responsibilities of the Remuneration Committee include reviewing  determining the terms, bonuses  other remuneration payable to the directors  senior management of the group. The Remuneration Committee is chaired by Xu Yiliang, an independent non-executive director. The other members are Zhang Baixiang, Li Guoxing (who are also independent non-executive directors) Zheng Hong (Non Executive Director).

Nomination Committee

The company has set up a Nomination Committee on December 3, 2011,  listed its terms of reference in writing. The main function of the nomination committee is to advise the board on the appointment of directors  senior management of the group. The members of the Nomination Committee include three independent non-executive directors, Zhang Baixiang, Xu Yiliang, Li Guoxing one non-executive director, Zheng Hong. Zheng Hong is chairman of the nomination committee.