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Statutory Disclosure
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Other Management Committee
The Company has established the asset and liability management committee (the “ALCO”) as a sub-committee
under the executive committee to be in charge of monitoring and controlling the financial risks of the Company.
The principal responsibilities of the ALCO are to:
•
monitor and control the asset and liability financial position of the Company on a regular basis
•
monitor and control the following issues of the Company:
– asset and liability structure
– counterparties
– currencies
– interest rates
– commodities
– commitments and contingent liabilities
•
review financing plans of the Company and manage the cash flow of the Company on the basis of the
annual budget
•
establish hedging policies and approve the use of new financial instruments for hedging
The committee is chaired by Mr Zhu Gaoming (being vice president of the Company and a member of the
executive committee), and other members include responsible persons of the Financial Control Department,
Treasury Department, Strategic Development Department and the Office of the Board of Directors.
Compliance with Corporate Governance Code
Save as disclosed below, the Company has applied the principles and complied with all the code provisions
of the corporate governance code (“CG Code”) as set out in Appendix 14 to the Rules Governing the Listing of
Securities on the Hong Kong Stock Exchange (the “Listing Rules”) during the six months ended 30 June 2016. In
respect of code provision A.6.7 of the CG Code, Mr Liu Yeqiao (non-executive director) was not able to attend the
annual general meeting of the Company held on 8 June 2016 due to other engagements.
Review of Half-Year Report
The audit and risk management committee of the board reviewed the Half-Year Report in conjunction with the
management and the Company’s external auditor and recommended its adoption by the board.
The interim financial information is prepared in accordance with Hong Kong Accounting Standard 34 “Interim
Financial Reporting”. It has been reviewed by the Company’s independent auditor, PricewaterhouseCoopers, in
accordance with Hong Kong Standard on Review Engagements 2410, “Review of Interim Financial Information
Performed by the Independent Auditor of the Entity”.
Compliance with the Model Code for Securities Transactions by Directors
The Company has adopted the Model Code for Securities Transactions by Directors of Listed Companies (the
“Model Code”) contained in Appendix 10 to the Listing Rules. All directors complied with the required standard
set out in the Model Code throughout the six months ended 30 June 2016.