Audit Committee

Highlights

The Audit Committee comprises entirely Independent Non-Executive Directors, thereby guaranteeing its independence and credibility.

Composition

Established by the Board in 1999, the Committee has three members, all of whom have appropriate academic and professional qualifications or related financial management expertise.

Audit Committee Members

• Anita Y.M. Fung _{BBS, JP (Chair)}
• Philip N.L. Chen
• Andrew K.C. Chan _{BBS, JP}

Functions

The duties of the Audit Committee include maintaining an appropriate relationship with the Company's external auditor, reviewing financial information of the Company and overseeing the Company's financial reporting system, risk management and internal control systems.

The Committee meets not less than four times a year to discuss the nature and scope of internal audit work and to assess the Company's internal controls. Separate meetings are also held, without the presence of management, with external auditor as and when required.

Terms of Reference