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Corporate Governance

  • Audit Committee

    The Company has established the audit committee in compliance with Rule 3.21 of
    the Listing Rules, the Corporate Governance Code as set out in Appendix 14 to the Listing Rules and will be confirmed following ratification of the external directors in accordance with the
    Israeli Companies Law.
    The primary duties of the audit committee are to oversee the financial reporting
    system and internal control procedures of the Company, review the financial
    information of the Company and consider issues relating to the external auditors and
    their appointment. See “Appendix IV—Summary of the Israeli Companies Law, Shareholder Protection Matters and Voting Arrangements” in this prospectus for details of the requirements of an audit committee under the Israeli Companies Law.

    The audit committee consists of three Directors. The members of the audit
    committee are:
    Mr. Heung Sang Addy FONG (Chairman)
    Ms. Jenny CHEN
    Mr. Chi Fung Leo CHAN

  • Remuneration Committee

    The Company has established a remuneration committee of the Board in
    compliance with Rule 3.25 of the Listing Rules, the Corporate Governance Code as
    set out in Appendix 14 to the Listing Rules and will be confirmed following ratification
    of the external directors in accordance with the Israeli Companies Law.

    The primary duties of the remuneration committee are to make recommendations
    to the Board on the Company’s policy and structure for all remuneration of directors
    and senior management and on the establishment of a formal and transparent
    procedure for developing policy on such remuneration. See “Appendix
    IV—Summary of the Israeli Companies Law, Shareholder Protection Matters and
    Voting Arrangements” in this prospectus for details of the requirements of a
    remuneration or compensation committee under the Israeli Companies Law.

    The remuneration committee consists of
    three Directors. The members of the
    remuneration committee are:
    Mr. Chi Fung Leo CHAN (Chairman)
    Mr. Heung Sang Addy FONG
    Mr. Yi LIU

  • Nomination Committee

    The Company has established a nomination committee of the Board as
    recommended by the Corporate Governance Code as set out in Appendix
    14 to the Listing Rules.

    The primary duties of the nomination committee are to review the structure, size
    and composition of the Board, assess the independence of the independent
    non-executive directors and make recommendations to the Board on the
    appointment and re-appointment of directors and succession planning for
    directors.

    The nomination committee consists of
    three Directors. The members of the
    nomination committee are:
    Mr. Yi LIU (Chairman)
    Mr. Chi Fung Leo CHAN
    Mr. Heung Sang Addy FONG