The import­ance of sound cor­por­ate gov­ernance is highly recog­nised by the Board and the Directors are desirous to ensure the Company to adopt adequate policies and pro­ced­ures to abide the prin­ciples of Good Governance and Code of Best Practice as pub­lished on Corporate Governance (com­monly known as “the Combined Code”) sub­sequently the com­pany has estab­lished the fol­low­ing com­mit­tees.

An Audit Committee

Consisting of Mr. Cameron Luck and Mr. Darren Edmonston and they will receive and review reports from the Group’s aud­it­ors relat­ing to the interim and annual accounts, the account­ing and internal con­trol sys­tems in use through­out the Group. The Audit Committee will have unres­tric­ted access to the Group’s aud­it­ors.

The Remuneration Committee

Consisting of Mr. Cameron Luck and Mr. Darren Edmonston and they will be respons­ible for review­ing the scale and struc­ture of the exec­ut­ive dir­ect­ors’ and senior employ­ees’ remu­ner­a­tion and the terms of their ser­vice or employ­ment con­tracts, includ­ing share option scheme and other bonus arrange­ments. The remu­ner­a­tion and terms and con­di­tions of the Non-executive Directors will be set by the entire Board.

The Investment Committee

Which con­sists of Mr. Cameron Luck and Mr. Darren Edmonston will assist the board to com­plete the feas­ible study report of the invest­ment pro­ject to improve prof­it­ab­il­ity of the cap­ital and risk defens­ive abil­ity, review and exam­ine the pro­gress of the invest­ment pro­ject.

The Directors intend to com­ply all NEX Exchange rules relat­ing to dir­ect­ors’ deal­ings as applic­able to NEX Exchange com­pan­ies and will also take all reas­on­able steps to ensure com­pli­ance by the Group’s employ­ees.