The Board believes that a solid framework of corporate governance plays a vital role in underpinning the integrity, accountability and transparency of the Group, which will enable the group to ultimately outperform other companies and maximize the Group's and the shareholders' value.
The Group adopts rigorous corporate governance standards and maintains a high level of corporate transparency by releasing information in a timely manner, which not only protects shareholders’ interests but also strengthens the bond of trust with its shareholders and the public. This helps to ensure an efficient and stable operation of the Group and increase investors’ confidence.
The Group has set up an audit committee to ensure proper reporting and adequate internal controls. The Group has also established remuneration committee and nomination committee. In addition, a compliance advisor is appointed.
• If a shareholder wishes to propose a person other than a director of the Company (the “Director”) for election as a Director, the shareholder must deposit a written notice (the “Notice”) to the principal place of business of the Company in Hong Kong at Suite 5602, 56th Floor, The Center, 99 Queen’s Road Central, Hong Kong, or the branch share registrar of the Company, Tricor Investor Services Limited at Level 22, Hopewell Centre, 183 Queen’s Road East, Hong Kong, for the attention of the company secretary of the Company.
• The Notice must state clearly the name of the shareholder and his/her/their shareholding, the full name of the person proposed for election as a Director, including the person’s biographical details as required by Rule 13.51(2) of the Listing Rules, and be signed by the Shareholder concerned (other than the person to be proposed). The Notice must also be accompanied by a letter of consent signed by the person proposed to be elected on his/her willingness to be elected as a Director.
• The period for lodgment of the Notice will commence no earlier than the day after the despatch of the notice by the Company of the general meeting appointed for election of directors of the Company and end no later than seven (7) days prior to the date of such general meeting. If the Notice is received less than 21 clear days and 20 clear business days prior to the general meeting, the Company will need to consider the adjournment of the general meeting in order to comply with the notice requirement under the Company’s articles of association.
• The Notice will be verified with the Company's branch share registrar and upon their confirmation that the request is proper and in order, the company secretary of the Company will ask the nomination committee of the Company (the “Nomination Committee”) and the board of directors of the Company (the “Board”) to consider to include the resolution in the agenda for the general meeting proposing such person to be elected as a Director.