The Audit Committee was established on 14 March 2000 pursuant to the provisions set out in the corporate governance code (the “Corporate Governance Code”) as set out in Appendix C1 to the Rules Governing the Listing of Securities on the Stock Exchange.
The Audit Committee has three members, including the Company’s two independent non-executive Directors, namely Ms. Li Hongwei, Mr. Zhu Jianbiao and a non-executive Director, Mr. Liu Guoxi. Ms. Li Hongwei is the chairman of the Audit Committee.
The Audit Committee acts as an important link between the Board and the Company’s auditors in matters within the scope of the Group’s audit. The duties of the Audit Committee are to review and provide supervision over the financial reporting process of the Group. The Audit Committee meets regularly with the management and the external auditors to discuss the accounting principles and practices adopted by the Group and the financial reporting matters.

The Remuneration Committeewas established on 28 September 2005 pursuant to the provisions set out in the Corporate Governance Code.
It comprises of three members, including the Company’s two independent non-executive Directors, namely Ms. Jin Xinbin and Ms. Li Hongwei and a non-executive Director, Mr. Su Yongjian. Ms. Li Hongwei is the chairman of the Remuneration Committee.
The principal responsibilities of the Remuneration Committee include making recommendations to the Board on the Company’s policy and structure in relation to the remuneration of directors and senior management with reference to corporate goals and objectives resolved by the Board from time to time.

The Nomination Committee was established on 23 March 2012 pursuant to the provisions set out in the Corporate Governance Code. It comprises three members, namely Mr. Zhang Ping, the executive Director and the chairman of the Board, Ms. Jin Xinbin and Mr. Zhu Jianbiao of each the independent non-executive Director. Mr. Zhang Ping is the chairman of the Nomination Committee.
The main responsibilities of the Nomination Committee are to review the structure, size and composition (including the skills, knowledge, experience and diversity) of the Board at least annually and make recommendations on any proposed changes to the Board to implement the Company’s corporate strategy, and identify individuals suitably qualified to become directors and select, or make recommendations to the Board on the selection of individuals nominated for directorships. The Nomination Committee is also responsible for assessing the independence of independent non-executive Directors.

The Risk Control Committee was established on 23 July 2013. It comprises of five members, including two executive Directors, namely Mr. Zhang Ping and Mr. Lu Zhenwei, three non-executive Directors, namely Mr. Su Yongjian, Mr. Li Hao and Mr. Wang Cheng. Mr. Zhang Ping is the chairman of the Risk Control Committee. The aim of the Risk Control Committee is to strengthen the risk analysis, judgment and decision making. The main responsibilities of the Risk Control Committee are to review significant investment projects, to assess the internal control and to conduct risk assessment on the material operation and financial matters of the Company.

The Sustainability Committee was established on 1 February 2024, which comprises three members, including Mr. Zhang Ping, an executive Director, Mr. Su Yongjian, a non-executive Director, and Ms. Jin Xinbin, an independent non-executive Director. Mr. Zhang Ping is serving as the chairman of the Sustainability Committee. The main duties and responsibilities of the Sustainability Committee is to formulate, guide and review the Company’s vision and management approaches on sustainability, identify and evaluate the Company's material sustainability issues, monitor the progress in achieving the Company’s sustainability objectives, and regularly discuss with the ESG Working Group about sustainability issues, strategies and actions.