The Company established an audit committee with written terms of reference in compliance with Rule 3.21 of the Listing Rules and paragraph C3 of the Corporate Governance Code as set out in Appendix 14 to the Listing Rules.

The primary duties of the Audit Committee are to make recommendation to our Board on the appointment and removal of external auditor, and to assist our Board in fulfilling its oversight responsibilities in relation to our Group’s financial reporting, internal control structure, risk management processes and external audit functions, and corporate governance responsibilities.

The Audit Committee of our Company consists of three members, being Mr. Luo Pan, Mr. Yeh Zhe-Wei and Mr. Ma Shuchao, with Mr. Luo Pan being the chairman of the Audit Committee.

The Company established a remuneration committee with written terms of reference in compliance with paragraph B 1 of the Corporate Governance Code as set out in Appendix 14 to the Listing Rules.

The primary duties of the Remuneration Committee are to evaluate and make recommendation to our Board on the overall remuneration policy and structure relating to all Directors and senior management of our Group, review performance based remuneration and ensure none of our Directors determine their own remuneration.

The Remuneration Committee consists of three members, being Mr. Yeh Zhe-Wei, Mr. Luo Pan and Mr. Lao Hansheng, with Mr. Yeh Zhe-Wei being the chairman of the Remuneration Committee.

The Company established a nomination committee with written terms of reference in compliance with paragraph A5 of the Corporate Governance Code as set out in Appendix 14 to the Listing Rules.

The primary functions of the Nomination Committee are to make recommendations to our Board regarding candidates to fill vacancies on the Board and to review our board diversity policy.

The Nomination Committee consists of three members, being Mr. He Huishan, Mr. Yeh Zhe-Wei and Mr. Luo Pan, with Mr. He Huishan, being the chairman of the Nomination Committee.