Audit committee

We established our audit committee on 15 October 2007 which has adopted written terms of reference in compliance with the Rules 3.21 to 3.22 of the Main Borad  Listing Rules. The primary duties of our audit committee are to review and supervise our financial reporting process and internal control systems.

Our audit committee comprises three independent non-executive Directors, namely Chao Guowei, Charles, Lee Kwan Hung and Liu Sai Keung, Thomas. Chao Guowei, Charles is the chairman of the audit committee.

Remuneration committee

We established a remuneration committee on 15 October 2007 which considers and recommends to our board of Directors the remuneration and other benefits paid by us to our Directors and senior management. The remuneration of all our Directors and senior management is subject to regular monitoring by the remuneration committee to ensure that levels of their remuneration and compensation are appropriate.