We have set up a remuneration committee with terms of reference in compliance with Rule 3.25 of the Listing Rules and Rule B.1 of the Corporate Governance Code as set out in Appendix 14 to the Listing Rules on October 28, 2014. The remuneration committee comprises one Executive Director and two Independent Non-Executive Directors, including Executive Director Mr. YEUNG Wai, Independent Non-Executive Directors Mr. LOCK Kwok On and Mr. WU Kam On, with Mr. LOCK Kwok On as the Chairman of the committee.