Board of Directors

Audit Committee

The primary duties of the audit committee are to review and supervise the Company's financial reporting process. The audit committee is also responsible for reviewing the auditor's appointment, the auditor's remuneration and any matters relating to the termination of the appointment of resignation of the auditors. In addition, the audit committee also examines the effectiveness of the Company's internal controls, which involve regular reviews of the internal controls of various corporate structures and business processes on a continuous basis, and takes into account their respective potential risk and urgency, to ensure the effectiveness of the Company's business operations and the realization of its corporate objectives and strategies. The scope of such examinations and reviews include finance, operations, regulatory compliance and risk management. The audit committee also reviews the Company's internal audit plan, and submits relevant reports and recommendations to the board of directors on a regular basis.

Remuneration Committee

The primary duty of the remuneration committee is to advise the board of directors in relation to the compensation of the Company's chief executive officer and executive directors. In addition, the remuneration committee conducts reviews of the performance, and determines the compensation structure, of our senior management. Meetings of the remuneration committee are held when necessary.

Nomination Committee

The primary duty of the nomination committee is to review, advise and make recommendations to our board of directors regarding candidates to fill vacancies on our board of directors. Meetings of the nomination committee are held when necessary.