董事会Board of Directors

The Board of Directors consists of 9 members, including 3 independent directors. It has one chairman and one vice chairman. The Board of Directors has the powers and duties provided in the company´s Memorandum and Articles of Association, including convening general meeting of shareholders, reporting to the shareholders in general meeting, implementing resolutions adopted by shareholders in general meeting and accounting to the shareholders for the company´s performance.

Powers and duties of the Board of Directors shall be as follows: convening general meeting of shareholders, reporting to the shareholders in general meeting, implementing resolutions adopted by shareholders in general meeting; deciding on the company´s business plan and investment programs; finalizing the Company´s annual plans for budget, final accounts, profit distribution and increase/decrease of capital; other powers and duties granted in the company´s Memorandum and Articles of Association or provided in applicable laws, regulations, listing rules of the stock exchange where the company is listed.

The Board of Directors has four special committees, i.e. strategy committee, audit committee, remuneration & appraisal committee and nomination committee. These committees review and decide on matters in special categories and give opinion and advice on such matters to facilitate the Board of Directors´ decision-making process. All members of these committees are chosen from the directors.

Strategy committee: 5 members, namely Zhu Yongpeng (chairperson), Feng Shuchen, Ye Weifang, Li Hongyuan and Zhai Ligong.

Audit Committee: 3 members, namely Fan Renda (chairperson), Zhai Ligong and Yang Guang.

Remuneration & Appraisal Committee: Zhai Ligong (chairperson), Zhu Yongpeng and Lu Yanchang.

Nomination Committee: 3 members, namely Lu Yanchang (chairperson), Zhai Ligong and Wang Hongyan.