The chairman of the Committee is Dr. Li Ka-cheung, Eric, an Independent Non-Executive Director of the Company and the other members are Mr. Fung Yuk-lun, Allen and Mr. Ng Leung-sing. The majority of the members of the Remuneration Committee are Independent Non-Executive Directors of the Company.

The Remuneration Committee is responsible for formulating and recommending to the Board the remuneration policy for all Directors and members of senior management of the Group, as well as reviewing and making recommendations on the Company’s share option scheme, bonus structure and other compensation-related issues. The Committee consults with the Chairman and/or the Chief Executive Officer on its proposals and recommendations, and also has access to professional advice if deemed necessary by the Committee.

The Committee is also provided with other resources enabling it to discharge its duties.

The Remuneration Committee has the delegated responsibility to determine the remuneration packages of individual Executive Directors and senior management. The Committee also has the responsibility to make recommendations to the Board on the remuneration of Non-Executive Directors.

The written Terms of Reference which describe the authority and duties of the Remuneration Committee of the Company were prepared and adopted with reference to the Listing Rules.