Board Committees and Terms of Reference

We have established an audit committee in compliance with the GEM Listing Rules. The primary duties of our audit committee are to, among others, review and supervise the financial reporting process and internal control system of our Group. All members of our audit committee are appointed by the Board. Our audit committee currently consists of three independent non-executive Director.

We have established a remuneration committee in compliance with the GEM Listing Rules. The primary duties of our remuneration committee are to review and make recommendations to our Board on the remuneration policy and other remuneration related matters, including benefits-in-kind and other compensation payable to our Directors and senior management. All members of our remuneration committee are appointed by our Board.

We have established a nomination committee in compliance with the GEM Listing Rules. The primary duty of our nomination committee is to make recommendations to our Board regarding the structure, size and composition of our Board and candidates to fill vacancies on our Board. All members of our nomination committee are appointed by our Board.

Pursuant to new Rule 16.04A of the Rules Governing the Listing of Securities on GEM of The Stock Exchange of Hong Kong Limited and the articles of association of the Company, the Company will disseminate future corporate communications of the Company to its shareholders, electronically and only send corporate communications in printed form to the shareholders upon request.