Corporate Governance

 

In pursuit of the good and high standard of corporate governance, the Board reviews the corporate governance principles and practices of the Company from time to time in order to meet the rising expectations of shareholders of the Company and to comply with the increasing stringent regulatory requirements, and to fulfill its commitment to excellence in corporate governance.

The Company has adopted the Corporate Governance Code set out in Appendix 14 to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

The Board is in charge of providing effective and responsible leadership and control for the Company and is collectively responsible for promoting the Company’s success by directing and supervising its affairs. The Directors, individually and collectively, must act in good faith in the best interests of the Company and its shareholders. The Board sets the Group’s overall objectives and strategies, monitors and evaluates its operating and financial performance and reviews the corporate governance standard of the Group. It also decides on matters such as annual and interim results, connected and notifiable transactions, Directors’ appointments or re-appointment, and dividend and accounting policies.

Board of Directors

Executive Directors

Mr. Ge Xiaojun (葛曉軍)
Ms. Gu Jufang (顧菊芳)
Mr. Huang Lei (黃磊)
Mr. Jiang Caijun (蔣才君)
Mr. Fan Yaqiang (范亞強)

 

Non-Executive Director

Mr. Gu Yao (顧耀)

 

Independent Non-executive Directors

Mr. Fan Peng (樊鵬)
Mr. Guan Dongtao (管東濤)
Ms. Wu Yan (吳燕)

 

Company secretary

Mr. Tan Qian (談前)
Mr. Wong Yu Kit (黄儒傑)

 

Authorized representatives

Mr. Ge Xiaojun (葛曉軍)
Mr. Wong Yu Kit (黄儒傑)

 

The Board has delegated various responsibilities to certain Board committees including the audit committee, the remuneration committee and the nomination committee of the Company.

Audit Committee
We have established an audit committee, and the duties are to make recommendations to our Board on the appointment and dismissal of the external auditor, monitor and review the financial statements and information and oversee the financial reporting system, risk management and internal control systems of the Company. At present, our audit committee consists of three members: Mr. Guan Dongtao, Mr. Fan Peng and Ms. Wu Yan.

Remuneration Committee
We have established a remuneration committee pursuant to a resolution of our Board passed on March 11, 2018. The Company has written terms of reference in compliance with the CG Code. The primary duties of the remuneration committee of the Company are to make recommendation to our Board on the overall remuneration policy and structure for all Directors and senior management of our Group, review remuneration and ensure none of our Directors determine their own remuneration. At present, the remuneration committee consists of three members: Ms. Wu Yan, Mr. Guan Dongtao and Ms. Gu. The chairman of the remuneration committee is Ms. Wu Yan.

Nomination Committee
We have established a nomination committee pursuant to a resolution of our Board passed on March 11, 2018. The Company has written terms of reference in compliance with the CG Code. The primary duties of the nomination committee of the Company are to review the structure, size, composition and diversity of our Board at least annually and make recommendation to our Board regarding candidates to fill vacancies on our Board and/or in senior management. At present, the nomination committee consists of three members: Mr. Ge, Ms. Wu Yan and Mr. Guan Dongtao. The chairman of the nomination committee is Mr. Ge.

Corporate Structure