Corporate Governance

Governance Structure

The Company follows the international ESG governance concept and the requirements of current laws and regulations, establishing a standardized, transparent and specialized corporate governance structure and governance rules. The Board has an Audit Committee, a Nomination Committee, a Remuneration Committee and an ESG Committee. The Board has a wellestablished decision-making mechanism that regularly reviews progress on environmental, social and governance goals and sets ESG priorities for the coming year based on progress. Each committee has clearly specified its terms of reference in writing and defined its relevant powers and responsibilities to assist the Board in performing its duties, so as to promote the sustainable development of the Group in a professional, standardized and transparent manner.

Stakeholder Engagement

The support of stakeholders is crucial for the stable operation of the Group. The Group continues to pay attention to the expectations of various stakeholders, and has established a multi-channel and diversified communication and feedback mechanism. Thus we can maintain active and effective communication with stakeholders, deeply understand the demands, opinions and suggestions of all parties, and jointly build a sustainable ecosystem.

Operation with Integrity and Compliance

- Risk Management and Internal Control

- Comliance and Business Ethics

The Group has established a compliance and business ethics management system that covers the Board, the management, functional departments, and all subsidiaries, and Chief Compliance Officer and compliance officer. The Supervision Department serves as the primary body responsible for executing and overseeing business ethics, and collaborates with departments including Human Resources, Administration, Finance/Capital Management, Risk Management and Internal Audit/Legal and Compliance, in constructing and implementing mechanisms for compliance and business ethics standards, as well as overseeing and addressing violations.

Valuing the impact of compliant operations on us and our stakeholders, the Group prohibits any form of corruption, embezzlement and commercial bribery in operation and cooperation with business partners. The Group strictly complied with the applicable laws and regulations on anti-corruption and anti-bribery in the countries and regions where it operated. The Group formulated and implemented policies such as the Code of Business Conduct, the Code of Conduct for Suppliers and the Anti-Corruption and Anti-Bribery Policies. These policies have strengthened oversight and constraints on both full-time and part-time employees and business partners, to uphold integrity and eradicate corruption and bribery.

The Group has developed and implemented the Administrative Measures on Handling of Problem Clues and Cases, and established an open and transparent mechanism for the oversight and reporting of violations. The mechanism delineates the whistleblowing process, categorizing the handling of reported cases into four types: initial inquiry, preliminary verification, pending further investigation, and conclusion. The Group encourages organizations and individuals to report and expose any instances of disciplinary or illegal behavior.

To guard against business ethics risks and regulate the behavior of employees and business partners, the Group has integrated business ethics audits into its annual audit projects. The Group has formulated an audit plan covering all project locations and business processes. Overseas operation sites are audited once every two years, while domestic operation sites follow a three-year rotation plan, ensuring ongoing audits that address business ethics risks.

The digital and intelligent development cannot be achieved in the absence of data security. The Group attaches great importance to data security. The cybersecurity contingency plan was formulated to improve the information security management in all respects, providing a solid guarantee for the sustainable development of digital economy.

The Group strictly abides by privacy protection laws and regulations in locations where it provides services. Following the principle of “closed management, minimum exposure and everyone's responsibility”, we have formulated and implemented the Management Measures for Business Contracts and other rules, and have established a sound information security management process.

The Group strictly abides by laws such as the Trademark Law of People’s Republic of China, the Patent Law of People’s Republic of China, Trade Marks Ordinance in Hong Kong and other laws and regulations where it operates. The Group comprehensively optimize its intellectual property rights management system in a bid to boost intellectual property right creation, application, protection, management and service standards. In addition, through the intellectual property right management system, all subsidiaries are urged to regularly review the effectiveness of their intellectual property right, take corresponding measures to avoid IPR infringement, and require their business partners to respect and protect intellectual property right.