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
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. Yi LIU (Chairman)
Mr. Heung Sang Addy FONG
Mr. Chi Fung Leo CHAN
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
