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  Home — Aim Rule 26—  Corporate  Governance  

The Company is not required to comply with the provisions of the Combined Code. However, the Directors recognise the importance of sound corporate governance and intend that the Company complies with the main provisions of the QCA Guidelines for AIM Companies and the Combined Code so far as the same are appropriate for a company of the Company’s size, nature and stage of development.
The Board is responsible for formulating, reviewing and approving the Company’s strategy, budgets and corporate actions. Following Admission, the Company intends to hold Board meetings at least four times in each financial year and at other times as and when required. The roles of the Chairman and Chief Executive Officer are, and will following Admission continue to be, performed by separate individuals.
The Company has already established an audit committee and remuneration committee, with formally delegated duties and responsibilities.
The audit committee’s chairman is Mr. Feng Yi. It will be responsible for ensuring that the financial performance position and prospects of the Company are properly monitored and reported on and for meeting the auditors and reviewing their reports relating to accounts and internal controls.
The remuneration committee’s Chairman is Mr. Feng Yi. It will review the performance of executive Directors and set their remuneration and the payment of bonuses to executive directors.
The Directors will comply with Rule 21 of the AIM Rules for Companies relating to Directors’ dealing and will take all reasonable steps to ensure compliance by the Company’s applicable employees. The Company has adopted and will operate a share dealing code for Directors and employees in accordance with the AIM Rules for Companies.

 

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