Board of
Directors
Corporate Governance
Corporate Governance Practices
The Board of Directors of the Company (the "Board") and its senior management are committed to maintaining a high standard of corporate governance. The Company (together with all of its subsidiaries, the "Group") has adopted and applied the code provisions set out in the Code on Corporate Governance Practices as set out in Appendix 15 of the GEM Listing Rules. The Company believes that high standards of corporate governance provide a framework and solid foundation for achieving high standard and quality of the Group's management, promoting high standards of accountability and transparency, sound internal control and meeting the expectations of all of the Company's various stakeholders.


Corporate Governance Structure
The Board is charged with the duty to put in place a proper corporate governance structure of the Company. It is primarily responsible for corporate policy formulation, business strategies planning, business development, risk management, major acquisitions, disposals and capital transactions, and other significant operational and financial matters of the Group. Major corporate matters that are specifically delegated by the Board to the management include the preparation of annual and interim accounts for Board approval before public reporting, execution of business strategies and initiatives adopted by the Board, implementation of adequate systems of internal controls and risk management procedures, and compliance with relevant statutory requirements and rules and regulations.

Under the Board, there are currently 4 subcommittees, namely Audit Committee, Remuneration Committee, Nomination Committee and Corporate Governance Committee. All these committees perform duties within the scope of their terms of references.


Securities Transactions Code
The Company has adopted a code of conduct for securities transactions by directors and relevant employees (including any employee of the Company or a director or employee of a subsidiary of holding company of the Company who, because of such office or employment, is likely to be in possession of unpublished price sensitive information in relation to the Company or its shares). The said code of conduct incorporates terms no less exacting than the required standard of dealings as set out in Rules 5.48 to 5.67 of the GEM Listing Rules, and governs the Directors' and relevant employees' conduct for securities transactions. In particularly, Directors and the relevant employees are prohibited from dealing in the Company's shares during the statutory black-out period. The Company makes regular and specific enquiries of all Directors and relevant employees, to make sure that they are in compliance with such code of conduct and the required standard of dealings regarding securities transactions.