Annual Report 2021

35 ANNUAL REPORT 2021 During the year, the four Independent Non-executive Directors are persons of high calibre, with academic and professional qualifications in the fields of accounting, law, engineering and business management. With their experience gained from senior positions held in other companies, they provide strong support towards the effective discharge of the duties and responsibilities of the Board. Each Independent Non-executive Director has given an annual confirmation of his independence to the Company, and the Company considers these Directors to be independent under Rule 3.13 of the Listing Rules. During the year, 8 full board meetings were held and the attendance of each Director is set out as follows: Name of Director Number of board meetings attended during the Director’s term of office in 2021 Attendance rate Deng Renjie 7/8 87.5% Wang Xiufeng* 1 4/4 100% Liu Weiwu* 2 8/8 100% Deng Weidong* 3 2/2 100% Yim Kong* 4 1/1 100% Wang Zhixian 8/8 100% Su Jian* 5 N/A N/A Xiong Xianliang* 6 6/6 100% Bai Jingtao* 7 4/4 100% Ge Lefu* 8 4/4 100% Zheng Shaoping* 9 2/3 66.7% Kut Ying Hay 8/8 100% Lee Yip Wah Peter 8/8 100% Li Ka Fai David 8/8 100% Bong Shu Ying Francis 8/8 100% *1 Mr. Wang Xiufeng was appointed as Executive Director and Managing Director of the Company on 26 August 2021. He has been redesignated from Managing Director of the Company to the Vice Chairman of the Board and the Chief Executive Officer of the Company on 3 November 2021. *2 Mr. Liu Weiwu was appointed as Executive Director of the Company on 22 March 2021. *3 Mr. Deng Weidong was appointed as Executive Director of the Company on 28 October 2021. *4 Mr. Yim Kong was appointed as Executive Director and Managing Director of the Company on 3 November 2021. *5 Mr. Su Jian resigned as Executive Director of the Company on 22 March 2021. *6 Mr. Xiong Xianliang resigned as Executive Director of the Company on 28 October 2021. *7 Mr. Bai Jingtao resigned as Executive Director and Managing Director of the Company on 26 August 2021. *8 Mr. Ge Lefu resigned as Executive Director of the Company on 26 August 2021. *9 Mr. Zheng Shaoping resigned as Executive Director of the Company on 10 August 2021. There was no material financial, business, family or other relevant relationship among members of the Board. The Board formulates the overall strategy of the Group, monitors its financial performance and maintains effective supervision over the management. The Board members are fully committed to their roles and have acted in good faith to maximise the shareholders’ value in the long run, and have aligned the Group’s goals and directions with the prevailing economic and market conditions. Daily operations and administration are delegated to the management. At least fourteen days’ notice of all regular board meetings is given to all Directors and they can include matters for discussion in the agenda if the need arises. The Company Secretary or his assistant assists the Chairman in preparing the agenda for meetings and ensures that all relevant rules and regulations are followed. The agenda and the accompanying board papers are sent to all Directors at least three days before the date of every board meeting so that the Directors have the time to review the documents. Minutes of every board meeting are circulated to all Directors for their perusal prior to confirmation of the minutes at or before the following board meeting.