Main duties and authorities of the Audit Committee

The main responsibility of the Audit Committee is to facilitate the communication, supervision and verification in respect of the Company's internal and external auditing. Its main functions and powers include but not limited to:

To propose the appointment or replacement of the external auditors, considering and making suggestions on their remunerations, resignation or dismissal;

To oversee the Company's internal audit system and its implementation, and review the group's financial and accounting policies and practices;

To audit the financial information of the Company and its disclosure;

To review the Company's financial monitoring, internal monitoring and risk management systems, audit material connected transactions, ensure that the management has fulfilled its duties to establish an effective internal control system;

To examine the Letter of Audit Description provided by the external auditors to the management, any material queries raised by the auditors to the management in respect of the accounting records, financial accounts or monitoring systems and the management's response;

To formulate whistle-blowing policies and systems, etc. The written terms of reference of the Audit Committee are available on the websites of the Hongkong Stock Exchange and the company. (in the section of "Investor Relations-Corporate Governance-Governance Documents")

Main duties and authorities of the Nomination and Remuneration Committee

The main responsibility of the Nomination and Remuneration Committee is to assist the Board to formulate the recruitment procedures and assessment standards for Directors and senior management of the Company and conduct preliminary assessment on the qualifications and conditions of candidates to be appointed within its area of competence; study and formulate the remuneration plans, performance appraisal systems and incentive schemes of Directors, Supervisors and senior management of the Company, make suggestions to the Board and supervise the implementation of plans and systems.

The written terms of reference of the Nomination and Remuneration Committee are available on the websites of the Hongkong Stock Exchange and the Company. (in the section of "Investor Relations-Corporate Governance-Governance Documents")

Main duties and authorities of the Strategic Investment Committee

The primary responsibilities of the Strategic Investment Committee are to examine and advise the Board on our long-term development strategies and major investment decisions, including:

To study and make recommendations on significant projects investment and financing which is subject to the approval of the Board pursuant to the Articles of Association;

To study and make recommendations on major capital operation and asset operation projects which are subject to the approval of the Board pursuant to the Articles of Association;

To study and make recommendations on major issues affecting our development;

To examine the implementation of the above matters.

Main duties and authorities of the Risk Management Committee

The main responsibility of the Risk Management Committee is to provide professional advice to the Board or to make decisions on professional matters according to the authority of the Board in relation to the risk management. Its main functions and powers include but not limited to:

to examine, approve and inspect the system of the responsibilities, powers and reports related to the risks of the senior management and business departments to ensure the effectiveness of the risk management decision making system throughout the Company, and to ensure as greatest possible that the risks faced by the various businesses of the Company are controlled in the acceptable range;

to review the reports on risks submitted by the senior management and business departments on a regular basis, and to fully understand the overall conditions of the risk management of the Company and the effectiveness of the senior management and business departments dealing with major risk events and monitoring and assessing the routine risk management system;

to ensure the business departments of the Company at all levels to take necessary measures to effectively identify, assess, measure, monitor, control and mitigate the risks;

to communicate and discuss the operational risk management system and risk profile with the senior management and business departments of the Company on a regular basis, to conduct regular assessments on the risk policies, management status and risk tolerance of the Company and to ensure that the senior management of the Company has performed its duties and responsibilities to have established an effective risk management system;

to study the important investigation findings on risk management matters and the responses of the senior management of the Company to such findings on its own initiative or as delegated by the Board;

other matters delegated by the Board. The written terms of reference of the Risk Management Committee are available on the websites of the Hongkong Stock Exchange and the company. (in the section of "Investor Relations-Corporate Governance-Governance Documents")

Main duties and authorities of the Board of Supervisors

The Board of Supervisors exercise the following duties and authorities according to the law:

To examine the Company's finances;

To supervise the conduct of the directors and senior executives in the performance of their Company duties, and to suggest the removal of directors or senior executives who violate the laws, administrative regulations, or breaching the Company's Articles of Association or resolutions of the General Meeting of Shareholders;

If an act of a director or of the President or other senior executive is detrimental to the Company's interest, to require him or her to correct such act;

To review the financial reports, operating reports, profit distribution plans and other financial documents to be submitted by the Board of Directors to the General Meeting of Shareholders, and, when in doubt, it may entrust certified accountants and practicing auditors in the Company's name to independently review the Company's finance;

To propose the holding of Extraordinary General Meeting of Shareholders and, in the event that the Board of Directors fails to perform its duty of convening and presiding over the meetings of the General Meeting of Shareholders, to convene and preside over such General Meeting of Shareholders;

To submit proposals to the General Meeting of Shareholders;

To negotiate with, or bring legal actions against, directors or senior executives on behalf of the Company;

To propose the holding of interim meetings of the Board of Directors;

To elect the Chairman of the Board of Supervisors;

Other duties and authorities specified by the Company's Articles of Association.