Corporate Governance

The board of the directors of the Company recognises that sound and effective corporate governance practices and procedures, with an emphasis on integrity, transparency, accountability and independence, are essential to enhance the shareholders' value and safeguard the shareholders' interest. The Company is committed to maintaining a good corporate governance standard and endeavors to ensure that its businesses are conducted in accordance with all applicable rules and regulations.

CORPORATE GOVERNANCE PRACTICES

The Company has complied with all the code provisions that were in force as set out in the Corporate Governance Code stated in Appendix 14 to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

BOARD OF DIRECTORS
The Board currently comprises eight Directors with four Executive Directors and four Independent Non-Executive Directors. The composition of the Board is set out as follows:

Executive Directors
Mr. WONG Kin Yip, Freddie (Chairman)
Ms. WONG Ching Yi, Angela
Mr. LO Chin Ho, Tony
Mr. WONG Alexander Yiu Ming

Independent Non-Executive Directors
Mr. SHA Pau, Eric
Mr. HO Kwan Tat, Ted
Mr. WONG Chung Kwong
Mr. LI Wai Keung

BOARD COMMITTEES
The Board has established Board committees, including the Executive Committee, Audit Committee, Remuneration Committee, Nomination Committee and Risk Committee for overseeing the respective aspects of the Group's affairs.

(i) Executive Committee
The Executive Committee comprises four members including Mr. WONG Kin Yip, Freddie, Ms. WONG Ching Yi, Angela, Mr. LO Chin Ho, Tony and Mr. WONG Alexander Yiu Ming, all being the Executive Directors.

(ii) Audit Committee
The Audit Committee is chaired by Mr. HO Kwan Tat, Ted, with other members, namely Mr. SHA Pau, Eric, Mr. WONG Chung Kwong and Mr. LI Wai Keung, all being the Independent Non-Executive Directors.

(iii) Remuneration Committee
The Remuneration Committee is chaired by Mr. HO Kwan Tat, Ted, being the Independent Non-Executive Director, with other members, namely Mr. WONG Kin Yip, Freddie, Mr. SHA Pau, Eric, Mr. WONG Chung Kwong and Mr. LI Wai Keung. Majority of the Remuneration Committee members are Independent Non-Executive Directors.

(iv) Nomination Committee
The Nomination Committee is chaired by Mr. WONG Kin Yip, Freddie, being the Executive Director and the Chairman, with other members, namely Mr. SHA Pau, Eric, Mr. HO Kwan Tat, Ted, Mr. WONG Chung Kwong and Mr. LI Wai Keung. Majority of the Nomination Committee members are Independent Non-Executive Directors.

(v) Risk Committee
The Risk Committee is chaired by Ms. WONG Ching Yi, Angela, being the Executive Director of the Company, with other members, being the Chief Legal Counsel, the Chief Financial Officer and the head of the Internal Audit Department.