The functions of the Audit Committee includes but are not limited to the following:
Considering and reviewing the appointment, resignation and removal of external auditors and their fees;
Reviewing the interim and annual results of the Company; and
Discussing with the external auditors issues of significance during the annual audit of the Company.
The Audit Committee comprises one non-executive director and three independent non-executive directors of the Company, who possess recognized professional qualifications in legal and accounting and have proven experience in finance, property and accounting:
Mr. Albert Ho (being the Chairman of the Audit Committee); Mr. Arthur Geroge Dew; and Mr. Louie Chun Kit Mr. Peter Lee Yip Wah