CMOC complies with applicable laws and regulations including the Company Law, Securities Law, Code of Corporate Governance for Listed Companies, Stock Listing Rules of the Shanghai Stock Exchange, and Listing Rules of the Stock Exchange of Hong Kong Limited to optimize its governance structure for stronger operations and corporate governance. The Company now has sound governance structure and policy in place.

1. Shareholders and General Meeting

The Company convenes the general meeting in accordance with its Articles of Association and Terms of Reference of the General Meeting to ensure that all shareholders, especially minority shareholders, are equally treated and can fully exercise their voting rights.

2. Directors and Board of Directors

The Board of Directors comprises eight members, including two executive directors, three non-executive directors, and three independent non-executive directors. The number and composition of directors comply with relevant laws and regulations. The directors are able to perform their duties with required knowledge, skills and capabilities and attend general meetings and Board meetings on time. They perform in an earnest, honest and diligent manner, actively participate in business training, comprehend relevant laws and regulations, and have a clear understanding of their rights, obligations and responsibilities as a director. The Board of Directors has set up four specialized committees for specific decision-making, namely the Strategy and Sustainability Committee, Audit and Risk Committee, Nomination and Governance Committee, and Renumeration Committee.

3. Supervisors and Board of Supervisors

The Board of Supervisors consists of three members, one of whom is the employee representative.  The number and composition of supervisors comply with relevant laws and regulations and most of them have expertise and work experiences in accounting and auditing. The Board of Supervisors perform its duties according to the Articles of Association to convene meetings at regular intervals and be accountable to shareholders. It examines the performance of directors and senior executives and financial compliance of the Company, with a view to safeguarding the rights and interests of the Company and shareholders.

4. Specialized Committees

To further improve its decision-making mechanism, the Board of Directors has set up four specialized committees, namely the Strategy and Sustainability Committee, Audit and Risk Committee, Nomination and Governance Committee, and Renumeration Committee.

The Strategy and Sustainability Committee consists of six members, including two executive directors, three non-executive directors and one independent non-executive director. The committee is led by the Chairman of the Board.

The Audit and Risk Committee consists of three non-executive directors, including two independent non-executive directors and one non-executive director.It is led by an independent non-executive director with expertise in accounting and financial management.

The Nomination and Governance Committee consists of four members including three independent non-executive directors and one executive director. It is led by an independent non-executive director.

The Remuneration Committee consists of three non-executive directors, including two independent non-executive directors and one non-executive director. It is led by an independent non-executive director.

5. Senior Executives

According to the Company’s Articles of Association and most updated organizational structure, senior executives include General Manager, Deputy General Manager, Chief Investment Officer, Financial Director (or Chief Financial Officer), and Board Secretary, all of which are appointed by the Board of Directors.