Since its listing, the Board of Directors and the Management endeavour to enhance our corporate governance standard in accordance with the rules and regulations of Hong Kong and international capital market. The administration structure was timely re-engineered according to the change in business composition. We have optimized management process flow, improved constitution system, standardized governance structure and enhanced corporate governance standard. The building of balance score card administration system was initiated and implemented in full force at the headquarter and fellow subsidiaries during 2006. We have effectively enhanced strategic management standards and strategic execution capabilities.

The Board of Directors has always emphasized its own structure. With our business development, the composition and overall qualities of directors were further optimized. The governance capabilities, professionalism and international aspect of the Board of Directors were further enhanced.