Dynasty's Directors and Management are committed to conducting the Company's business ethically and achieving the highest standards of corporate governance.

Audit Committee
We established our audit committee of the Board on 10 August 2004 with written terms of reference in compliance with the Code of Corporate Governance Practices to the Listing Rules. The primary duties of the audit committee include reviewing and supervising the financial reporting process and internal control systems of Dynasty.

The audit committee comprises three members, namely Lai Ming, Joseph, Hui Ho Ming, Herbert and Chau Ka Wah, Arthur, all of whom are independent non-executive Directors. Lai Ming, Joseph is the chairman of the audit committee.

Remuneration Committee
We established our remuneration committee with written terms of reference in compliance with the Code of Corporate Governance Practices to the Listing Rules. The primary duties of the remuneration committee is to make recommendations to the Board on the Company's policy and structure for all remuneration of the Directors of the Company and senior management of the Company and its subsidiaries and on the establishment of a formal and transparent procedure for developing policy on such remuneration for the Company.

The remuneration committee comprises four members, namely, Chau Ka Wah, Arthur, Lai Ming, Joseph, Hui Ho Ming, Herbert and Wong Ching Chung. Majority of the members of the remuneration committee represent independent non-executive Directors of the Company with Chau Ka Wah, Arthur being the chairman of the remuneration committee.

Terms of Reference of the Remuneration Committee