Committees


Audit Committee

The Audit Committee has been established with written terms of reference setting out duties, responsibilities and authorities delegated to them by the Board of Directors. The Audit Committee comprises three Independent Non-executive Directors, namely Mr. Lee, Eugene, Mr. Leung Kwan Yuen, Andrew and Dr. Li Ka Cheung, Eric. Mr. Lee, Eugene is the Chairman of the Audit Committee and possesses financial management expertise. The Audit Committee meeting will be held at least twice a year.

The major duties and responsibilities of the Audit Committee include review of the effectiveness of the Group's financial reporting processes and internal control system. The duties of the Audit Committee also include review of the scope and nature of the audit carried out by the Company's auditors. The Audit Committee shall meet with external auditors at least annually in the absence of the management of the Company to discuss any issues from the audit and any other matters the external auditors may wish to raise.

Terms of Reference