Remuneration Committee

Remuneration Committee Members:

• 
  
  HON Kwok Lung
• 
  
  KWONG Chun Wai, Michael
• 
  
  Siu Chun Wa
• 
  
  Kam, Eddie Shing Cheuk(Chairman)
• 
  
  Chan Lai Wa

The Remuneration Committee of the Company (the “RC”) was established on 23 August 2005, the majority of the RC members are Independent Non-executive Directors which is in line with the requirements under Listing Rule 3.25.

The principal duties of the RC are to make recommendations to the Board on the Company’s policy and structure for all directors’ and senior management’s remuneration and on the establishment of a formal and transparent procedure for developing remuneration policy. The RC also makes recommendations to the Board on the remuneration packages of individual executive directors and senior management. The RC ensures that no director or any of his/her associates is involved in deciding his/her own remuneration.

The latest terms of reference of the RC were adopted by the Board on 30 December 2022, which are available on the Stock Exchange’s website and the Company’s website.