AUDIT COMMITTEE

The committee is made up of three Independent Non-Executive Directors: Mr. Ma Chiu Cheung, Andrew, who chairs the committee, and Mr. Nicholas Smith and Mr. Yang Zhen Han. The committee reviews the Company's arrangements with external auditors, including the audit's cost-effectiveness as well as the auditors' independence and objectivity. Audit issues are addressed at least twice a year, at which time the Company's external auditors attend the relevant meeting. Consideration is given to the auditors' pre- and post- audit reports, which make it possible for the Company to review accounting polices, internal control, and the financial information contained in annual and interim reports.

REMUNERATION COMMITTEE

The principal function of this committee is to determine the policy on executives' remuneration. The committee consists of two Independent Non-Executive Directors: Mr. Nicholas Smith, who chairs the committee, and Mr. Ma Chiu Cheung, Andrew. One Excutive Director: Mr. Tong Wang Chow. The committee aims to attract, retain and motivate high caliber individuals with a competitive remuneration package.

Remuneration for executive normally comprises basic salary, bonus, benefits in kind and share options. Details of the current Directors' remuneration and the share option plan are shown in the Remuneration Report.