The Company's Audit Committee is primarily responsible for reviewing and supervising the financial reporting procedure and the internal control system, reporting its findings and recommendations to the Board of Directors, reviewing quarterly, semi-annual and annual financial statements as well as connected transactions, and reviewing the appointment and remuneration of auditors and other matters.

The Company's Audit Committee is composed of three independent non-executive directors, Chen Xinyuan, Du Zhaohui and Liu Yunhong, and a non-executive director, Shao Jun. Mr.Chen Xinyuan serves as the Chairman. The working rules of the Audit Committee are revised in accordance with the latest securities listing rules issued by the Stock Exchange of Hong Kong Limited: the number of times the Audit Committee meets the auditor in the absence of the management is changed from at least once a year to at least twice a year, to discuss matters related to audit fees, any matters arising from the audit work, and other matters that the auditor would like to raise.