Board of Directors

Our Board comprises three Executive Directors and two Independent non-executive Directors.

Audit Committee

We have established an audit committee with written terms of reference on 24 January 2011. The audit committee consists of three independent non-executive Directors, namely: Mr. Andreas Varianos, Mr. Gao Shuang and Ms. Zu Rui. Mr. Andreas Varianos is the chairman of the Audit Committee.

The primary duties of the audit committee are to assist our Board in providing an independent view of our financial reporting process, internal control and risk management system, oversee the audit process and perform other duties and responsibilities as assigned by our Board.

Terms of Reference

Remuneration Committee

We have established a remuneration committee with written terms of reference on 24 January 2011. The remuneration committee consists of one executive Director, namely Ms. Zhang Cuiwei and two independent non-executive Directors, namely Mr. Gao Shuang and Ms. Zu Rui. Ms. Zu Rui is the chairman of the Remuneration Committee.

The primary duties of the remuneration committee are to develop remuneration policies of our Directors, evaluate the performance, make recommendations on the remuneration package of our Directors and senior management and evaluate and make recommendations on employee benefit arrangements.

Terms of Reference

Nomination Committee

We have established a nomination committee with written terms of reference on 24 January 2011. The nomination committee consists of one executive Director, namely Ms. Zhang Cuiwei and two independent non-executive Directors, namely: Mr. Gao Shuang and Ms. Zu Rui. Mr. Gao Shuang is the chairman of the Nomination Committee.

The primary function of the nomination committee is to make recommendations to our Board in relation to the appointment and removal of Directors.

Terms of Reference