Audit Committee

Composition:

Chan Man Hon, Eric (chairman)
Liu Hing Hung
Wan Chi Keung, Aaron, JP

The company established an audit committee with written terms of reference comprising of three independent non-executive directors to ensure proper reporting and adequate internal controls. The principal duties of the audit committee includes the review and supervision of the Group's financial reporting system, its internal control procedures, the Group's financial information and relationship with the external auditors of the Company.

The audit committee holds two meetings during the year. It also reviews and comments on the Company's draft annual and interim financial reports and met with the external auditors.