The company has established the following committees with defined terms of reference, which are of no less than exact terms than those set out in the CG code:-


Audit Committee

The primary roles of the Audit Committee are to monitor integrity of the annual report and accounts and half-yearly report of the Company and to review significant reporting judgments contained in such reports; to review the Group’s financial and accounting policies and practices; to review the Group’s financial control, internal control and risk management system of the Group with particular regard to their effectiveness and to make recommendations to the Board of Directors (the “Board”) where the monitoring activities of the committee reveal cause for concern or scope for improvement.

The Audit Committee will review the accounting principles and practices adopted by the Group and discuss auditing, internal control and financing reporting matters including the review of the audited financial statements of the Company, with external auditors. They will also discuss with the external auditors to ensure that there isno disagreement from the auditors or Audit Committee in respect of the accounting policies adopted by the Company.

Terms of Reference of Audit Committee


Remuneration Committee

Within the authority delegated by the Board, the Remuneration Committee is mainly responsible for making recommendations to the Board on the Company’s policy and structure for all remuneration of all directors and senior management on the establishment of a formal and transparent procedure for developing policy on such remuneration; reviewing the specific remuneration packages of all directors and senior management by reference to corporate goals and objective resolved by the Board from time to time; ensuring no director or any of his associates is involved in deciding his own remuneration and advising shareholders on how to vote with respect to any service contracts of directors that require shareholders’ approval.

Terms of Reference of Remuneration Committee


Nomination Committee

The primary function of the Nomination Committee is to make recommendations to the Board on potential candidates to fill vacancies or additional appointment on the Board and senior management. All appointments of directors were nominated by the Nomination Committee based on considerations including vacancy available, competence and experience, possession of requisite skills and qualifications, independence and integrity.

Terms of Reference of Nomination Committee