DIRECTORS & SENIOR MANAGEMENT

Mr. Liu Jia, Chairman & Executive Director, and Chief Executive Officer.
Mr. Ma Heming, Executive Director & General Manager.
Ms Tang Yuk Ha, Company Secretary and authorised representative.

The following committees have been established by the board of directors and operate in accordance with the terms of reference established by the board of directors.

Audit Committee
Everbright Grand China Assets Limited has set up an audit committee and specified its terms of reference in accordance with Article 3.21 and 3.22 of the Listing Rules and paragraphs D.3 of the Corporate Governance Code contained in Appendix C1 of the Listing Rules. The audit committee consists of two independent non-executive directors (namely Mr. Tsoi David, Mr. Shek Lai Him Abraham and Mr. Lee Jor Hung, with Mr. Tsoi David as the chairman of the committee. According to Rules 3.10(2) and 3.21 of the Listing Rules, Mr. Tsoi David has appropriate professional qualifications or accounting or related financial management expertise. The main duties of the Audit Committee are to assist the Board of Directors in providing independent opinions on the effectiveness of the Group’s financial reporting procedures, internal control, corporate governance and risk management systems, supervising the audit procedures and performing other duties and responsibilities assigned by the Board.

Nomination Committee
Everbright Grand China Assets Limited has set up a nomination committee and specified its terms of reference in accordance with paragraph B.3 of the Corporate Governance Code contained in Appendix C1 of the Listing Rules. The nomination committee consists of two independent non-executive directors (namely Mr. Shek Lai Him Abraham and Mr. Lee Jor Hung) and one executive director, Mr. MA Heming, with Mr. Shek Lai Him Abraham as the chairman of the committee. The main functions of the nomination committee include, but are not limited to, reviewing the structure, number and composition of the board of directors, assessing the independence of independent non-executive directors, and providing recommendations to the board on matters related to the appointment of directors.

Remuneration Committee
Everbright Grand China Assets Limited has established a remuneration committee, and stipulated its terms of reference in accordance with Article 3.26 of the Listing Rules and paragraph E.1 of the Corporate Governance Code contained in Appendix C1 of the Listing Rules. The remuneration committee consists of two independent non-executive directors (namely Mr. Lee Jor Hung and Mr. Wang Cheung Yue) and one executive director, Mr. Liu Jia, with Mr. Lee as the chairman of the committee. The main functions of the remuneration committee include but are not limited to (i) the remuneration policy and structure of the directors and senior management of the company, and the establishment of formal and transparent procedures for formulating remuneration policies, and making recommendations to the board of directors; (ii) determining the cost Specific remuneration packages for the company’s directors and senior management; and (iii) review and approve performance-based remuneration by referring to the company’s goals determined by the board of directors from time to time.

Investment Committee
Everbright Grand China Assets Limited has established an investment committee. The investment committee consists of three independent non-executive directors (namely Mr. David Tsoi, Mr. Lee Jor Hung and Mr. Wang Cheung Yue) and two executive directors, Mr. Liu Jia and Mr. Ma Heming, with Mr. Liu Jia as the chairman of the committee. The main functions of the remuneration committee include but are not limited to (i) review and evaluate any investment projects proposed by the Company, make recommendations to the Board on such investment project, and also review the annual investment plan of the Company.