Corporate Governance

The Board sets its corporate governance procedure and duties pursuant to the Code on Corporate Governance Practices (“CG Code”) as set out in Appendix 14 to the Rules Governing the Listing of Securities(the “Listing Rules”) on The Stock Exchange of Hong Kong Limited (the “Stock Exchange”), and it accordingly reviews and monitors the training and continuous development in profession of directors and senior management and its policies and practices in compliance with relevant laws and regulatory requirements. Throughout the year ended 31 December 2011, the Group has complied with all code provisions set out in the CG Code.