Our Company established an audit committee pursuant to a resolution of our Director passed on 19 January 2018 in compliance with Rule 5.28 of the GEM Listing Rules.

 

Written terms of reference in compliance with the Corporate Governance Code as set out in Appendix 15 to the GEM Listing Rules has been adopted.

 

The primary duties of the audit committee are mainly to make recommendations to our Board on the appointment and removal of external auditor; review the financial statements and material advice in respect of financial reporting; and oversee internal control and risk management systems of our Company.

 

At present, the audit committee of our Company consists of four members who are Mr. Chiu Wai Hon, Mr. Chow Kwok Kee, Mr. Xu Zhi Qiang and Ms. Cheung Kong Hung. Mr. Chiu Wai Hon is the chairman of the audit committee.