The Audit Committee’s primary duties include reviewing the Group’s financial reports, internal control and risk management systems in order to ensure the presentation of a true and balanced assessment of the Group’s financial position and corporate governance; making recommendation to the Board on the appointment of auditor; and reviewing financial and accounting policies and practices adopted by the Group. Other duties of the Audit Committee are set out in its specific terms of reference, which are posted on the websites of the Company and the Stock Exchange respectively. The Audit Committee is provided with sufficient resources enabling it to perform its duties.
The Audit Committee currently comprises four members, all of them being Non-Executive Directors with the majority of them being Independent Non-Executive Directors.
- Wong Kai-man (Committee Chairman)
- Cheung Wing-yui
- Li On-kwok, Victor
- King Yeo-chi, Ambrose