CORPORATE GOVERNANCE
Overview
The Company is committed to good corporate governance which it believes to be essential to the success of its business and operation. The Company’s corporate governance practices are based on, among others, the principles of good corporate governance and the code provisions as contained in Part 2 of Appendix 14 to the Listing Rules of The Stock Exchange of Hong Kong Limited.
The Company has its well-established mission, values and strategy with the principal objective to enhance the interests of Shareholders through maintaining and growing a successful development of business with consistent long-term financial returns. In pursuit of its objectives, the Group believes that it is important to operate its business with high standard of integrity through complying with all relevant laws, rules and regulations and implementing sound risk management. All Directors, led by example, always acts with integrity and are committed to promote a culture of integrity for the purpose of instilling and continually reinforcing across all levels of the Group values of acting lawfully, ethically and responsibly.
Board of Directors
The Board is primarily responsible for overseeing and supervising the management of the business affairs and the overall performance of the Group. The Board sets the Group’s values and standards and ensures that the requisite financial and human resources support is in place for the Group to achieve its objectives. The functions performed by the Board include but are not limited to formulating the Group’s business plans and strategies, deciding all significant financial (including major capital expenditure) and operational issues, developing, monitoring and reviewing the Group’s corporate governance practices and all other functions reserved to the Board under the Articles of Association. The Company has been maintaining a balanced composition of executive Directors and non-executive Directors (including independent non-executive Directors (the “INEDs”)) so that there is a strong independent element on the Board, enabling the Board to exercise effective independent judgement.
The Board comprises the following seven Directors, of which the non-executive Directors (including INEDs) in aggregate represent over 50% of the Board members. The Board also achieved gender diversity with three female Directors out of a total of seven Directors during the year.
List of Directors and their Role and Function
Procedures for Shareholders to Propose a Director
Terms of Reference
Terms of Reference of Audit Committee < View Document>
Terms of Reference of Remuneration Committee < View Document>
Terms of Reference of Nomination Committee < View Document>
Second Amended and Restated Memorandum and Articles of Association
Shareholders’ Information
Registered Office
Cricket Square, Hutchins Drive, P.O. Box 2681,
Grand Cayman KY1-1111, Cayman Islands
Headquarters and Principal Place of Business
D.D. 111, Lot No. 117, Sheung Che Village,
Pat Heung, Yuen Long, New Territories, Hong Kong
Principal Share Registrar and Transfer Office
Conyers Trust Company (Cayman) Limited
Cricket Square, Hutchins Drive, P.O. Box 2681,
Grand Cayman KY1-1111, Cayman Islands
Hong Kong Branch Share Registrar and Transfer Office
Tricor Investor Services Limited
17/F, Far East Finance Centre,
16 Harcourt Road,
Hong Kong
Corporate Communication
P.O. Box No. 351, Shek Wu Hui Post Office, Sheung Shui, Hong Kong
Email: tlmc@netvigator.com