Corporate Governance
Audit Committee

The Company established an audit committee with written terms of reference in compliance with Rule 3.21 of the Listing Rules and the Corporate Governance Code as set out in Appendix 14 to the Listing Rules pursuant to a resolution of our Directors passed on 23 Jan 2017. The primary duties of our audit committee are, among other things, to make recommendations to our Board on the appointment, re-appointment and removal of external auditors, review the financial statements and provide material advice in respect of financial reporting, oversee our financial reporting process, internal control, risk management systems and audit process, and perform other duties and responsibilities assigned by our Board. At present, our audit committee comprises Mr. Liu Kwong Sang, Dr. Wong Ping San John, Dr. Liu Yuk Shing and Mr. Liu Walter Joseph, all being independent non-executive Directors. Mr. Liu Kwong Sang is the chairman of our audit committee.

Remuneration Committee

We established a remuneration committee with written terms of reference in compliance with Rule 3.25 of the Listing Rules and the Corporate Governance Code as set out in Appendix 14 to the Listing Rules pursuant to a resolution of our Directors passed on 23 Jan 2017. The primary duties of our remuneration committee are to review and approve the management’s remuneration proposals, make recommendations to our Board on the remuneration package of our Directors and senior management and ensure none of our Directors determines his/her own remuneration. At present, our remuneration committee comprises Dr. Wong Ping San John, Mr. Liu Walter Joseph and Mr. Billy Yim, comprising a majority of our independent non-executive Directors. Dr. Wong Ping San John is the chairman of our remuneration committee.

Nomination Committee

We established a nomination committee with written terms of reference in compliance with the Corporate Governance Code as set out in Appendix 14 to the Listing Rules pursuant to a resolution of our Directors passed on 23 Jan 2017. The primary duties of our nomination committee are to review the structure, size and composition of our Board, and select or make recommendations on the selection of individuals nominated for directorships. At present, our nomination committee comprises Mr. Elson Yim, being the chairman of our Board, Dr. Wong Ping San John and Dr. Liu Yuk Shing, both being our independent non-executive Directors. Mr. Elson Yim is the chairman of our nomination committee.