| Functions reserved for the Board's approval |
| a |
Financial Results
- approval of audited financial statements and associated materials, including representation letters, announcements and signing authorities. |
| b |
Recommendations as to dividend. |
| c |
Convening of Annual General Meeting. |
| d |
Re-designation of Independent Non-executive Directors. |
| e |
Create, issue, purchase, redeem or otherwise reorganize the Company’s share capital. |
| f |
Approval of remuneration of Non-executive Directors |
| g |
Approval of material connected transactions |
| h |
Appointment or removal of Directors |
| i |
Appointment or removal of the Company’s external auditors |
| j |
Approval of long-term objectives and strategies |
| k |
Significant acquisitions, disposals or joint venture arrangements greater than HK$10 million |
| l |
Raising of external finance exceeding HK$150 million |
| m |
Changing the terms and conditions of employment of Executive Directors |
| n |
Annual CAPEX budget (significant items) |
| o |
Matters involving a conflict of interest for a substantial shareholder or Directors |
