Corporate Governance Report

The Company is committed to achieving a high standard of corporate governance that properly protects and promotes the interests of its shareholders.

The Company has adopted the code provisions set out in the Corporate Governance Code (the “CG Code”) as set out in Appendix 14 of the Rules Governing the Listing of Securities (the “Listing Rules”) on The Stock Exchange of Hong Kong Limited (the “Stock Exchange”).

Communication with shareholders

The Company has established a shareholders communication policy with the objectives of enabling its shareholders to exercise their rights in an informed manner and to allow the shareholders and the investment communities to engage actively with the Company. The Board has the responsibility to review the policy regularly to ensure its effectiveness. A summary of the policy is set out below:

(i) General meetings

The Board regards annual general meeting as the principal opportunity to meet the shareholders of the Company. With the exception of two existing Directors who had not attended the 2019 annual general meeting of the Company (the “2019 AGM”) due to other commitments, all other Directors attended the 2019 AGM to answer questions raised by the shareholders.

The attendance record of each of the current Directors in the 2019 AGM is as follows:

A special general meeting of the Company (the “2020 SGM”) was held on 23 June 2020 to approve a transaction of the Group. All Directors attended the 2020 SGM. Owing to the pandemic of Covid-19, five Directors attended the 2020 SGM through dial-in arrangements.

(ii) Significant issues

The Company has ensured that any significant issue to be dealt with in general meetings had been proposed as a separate resolution.

(iii) Voting by poll

Pursuant to Rule 13.39(4) of the Listing Rules, votes of shareholders in all general meetings of the Company have been taken by poll and results of the poll have been announced in accordance with the procedures prescribed under Rule 13.39(5) of the Listing Rules.

(iv) Corporate documents available in websites of the Company and the Stock Exchange

The Company has placed on the websites of the Company and the Stock Exchange the announcements, circulars, annual/interim reports, notices of general meetings and other information of the Company as required by the Listing Rules.

(v) Shareholders’ enquiries

Shareholders of the Company may direct their questions about their shareholdings to the Company’s share registrar and all other questions to the Board.