The audit committee comprises 3 independent non-executive directors, namely Mr.Wang Jiwei, Mr.Wang Baogang and Mr.Huang Yongzhong. Mr. Wang Jiwei became the chairman of the audit committee of the Company. The principal duties of the audit committee include the review of the Group’s audit plan and process with the auditors, the review of the independence of auditors and the Group’s financial statements in accordance with its terms of reference, which is substantially the same as the CG Code.