Specialized Committee

The Company’s Board of Directors shall have five (5) specialized committees, including the Audit Committee, the Nomination and Remuneration Committee, the Risk Management and Consumer Rights Protection Committee, the Strategy and Assets and Liabilities Management Committee and Connected Transactions Control Committee to supervise the relevant matters of the Company.  The committees under the Board of Directors shall regularly report the progress of their work and the results of their discussions to the Board of Directors, be accountable to the Board of Directors and act in compliance with the procedural rules adopted by the Board of Directors.

Notes:

C       denotes the chairman/chairperson of the relevant committee

M     denotes a member of the relevant committee

The Audit Committee is mainly responsible for reviewing and supervising the preparation of the Company’s financial reports, assessing the effectiveness of the Company’s internal control system, supervising the Company’s internal audit system and its implementation, and recommending the engagement or replacement of external auditors.  The Audit Committee is also responsible for communications between the internal and external auditors and the establishment of the internal reporting mechanism of the Company.

The Nomination and Remuneration Committee is mainly responsible for reviewing the structure of the Board of Directors, its number of members and composition, and drawing up plans for appointment and succession and appraisal criteria of directors and senior management.  The committee is also responsible for formulating training and remuneration policies for the senior management of the Company.

The Risk Management and Consumer Rights Protection Committee is mainly responsible for formulating the Company’s system of risk control benchmarks, discussing with the management and assisting them in establishing well-developed risk management and internal control systems, supervising the management and the department in charge of consumer rights protection, examining and reviewing the Company’s risk preference and risk tolerance, formulating the Company’s risk management policy, reviewing the assessment reports in relation to the Company’s risk management and internal control, studying major investigation findings on risk management and internal control matters as delegated by the Board or on its own initiative and the management’s response to these findings, and dealing with major risk emergency events or crisis events or major disagreement in risk management.

The Strategy and Assets and Liabilities Management Committee is mainly responsible for studying and making recommendations on the Company’s long-term development strategies, its important matters on assets and liabilities management and any policies and systems in relation thereto, management system concerning the use of insurance funds, and decision-making on major strategic investments, and conducting studies and making recommendations on other important matters affecting the development of the Company.

The Connected Transactions Control Committee is mainly responsible for confirmation of connected persons of the Company, administration, examination and approval of connected transactions, risk control of connected transactions, with particular focus on compliance, fairness and necessity of connected transactions.