About DeTai – DeTai New Energy Group Limited

Executive Directors

Mr. Wong Siu Keung, Joe has been appointed as the Executive Director since March 2022 and appointed the Chairman of the Company since March 2024, and the Member of the investment committee of the Company since January 2022 Mr. Wong obtained a Degree of Master of Arts in International Accounting from City University of Hong Kong and a Master’s Degree of Corporate Governance from Hong Kong Polytechnic University. He is an associate member of Hong Kong Institute of Certified Public Accountants and a fellow member of the Association of Chartered Certified Accountants. Mr. Wong has extensive experience in taxation, accounting, financing, audit field and public listed companies for many years.

Ms. Chu Yin Yin Georgiana, has been appointed as a non-executive Director with effect from 1 March 2024. Currently is an executive Director, Company Secretary and Financial Controller as well as a member of Investment Committee of the China Water Industry Group Limited (stock code: 1129) which is listed on the Main Board of the Stock Exchange. Ms. Chu holds a Bachelor’s Degree of Accounting and a Master’s Degree of Corporate Governance. She is a fellow member of the Hong Kong Institute of Certified Public Accountants, the Association of the Chartered Certified Accountants and the Institute of Chartered Accountants in England and Wales. Ms. Chu is a fellow member of both of The Hong Kong Chartered Governance Institute and The Chartered Governance Institute. Ms. Chu has over 20 years’ extensive experience by working in an international audit firm and other listed companies.

Independent Non-Executive Directors

Mr. Chiu Wai On, has been appointed as the Independent Non-Executive Director since June 2009 and is also the Chairman of each the audit committee, remuneration committee and nomination committee of the Company. He is a member of The Hong Kong Institute of Certified Public Accountants and a fellow member of the Association of Chartered Certified Accountants. Mr. Chiu possesses over 10 years of professional experience in accounting and auditing services.

Mr. Man Kwok Leung, has been appointed as the Independent Non-Executive Director since May 2009. He is a solicitor of the High Court of Hong Kong and civil celebrant of marriages. Mr. Man has extensive experience in the legal practice and had been appointed by Xinhua News Agency as district advisor from 1995 to 1997.

Mr. To Chun Wai, has been appointed as an independent non-executive Director, a member of the Remuneration Committee, a member of the Audit Committee and a member of the Nomination Committee of the Company since April 2023. Mr. To obtained a master degree of public administration from the University of Hong Kong.

Mr. To, is at present the chief executive officer of a Hong Kong consultancy company, and an independent non-executive director of Auto Italia Holdings Limited (stock code: 720), Greenheart Group Limited (stock code: 94) and ISP Holdings Limited (stock code: 2340), all of which are listed on the Main Board of The Stock Exchange of Hong Kong Limited (the ‘‘Stock Exchange’’). Mr. To spent most of his career with the Hong Kong Police, beginning in 1974 and rising up the ranks to Assistant Commissioner (Crime), being responsible for the overall charge of policy designs and operations of, among others, the Commercial Crime Bureau, Organized Crime & Triad Bureau, Criminal Intelligence Bureau, Financial Investigation Bureau (anti money-laundering), and Technology Crime Bureau, until his retirement in 2011. Mr. To has wide administrative and management experiences in both the public and private sectors.

The Company is committed to maintain high standards of corporate governance. The Board believes that effective coporate governance practices are fundamental to enhance the shareholders’ value and safeguard the interests of the shareholders. Accordingly, the Company has adopted sound corporate governance practices that emphasis an effective internal control and accountability to all shareholders.

Audit Committee

The Company had established an Audit Committee with written terms of reference which have been updated from time to time to align with the code provisions set out in the Code on Coporate Governance Practices (“CG code”). The Audit Committee of the Company comprises three Independent Non-executive Directors, Mr. Chiu Wai On (the Chairman of the Audit Committee), Mr. Man Kwok Leung and Mr. Sheung Kwong Cho. The principal responsibilities of the Audit Committee are to, inter alia, review and supervise the Group’s financial reporting process, internal control and risk management procedures, as well as oversee the adequacy of the accounting and financial reporting resources.

Remuneration Committee

The Company had established a Remuneration Committee with written terms of reference. The Remuneration Committee of the Company comprises three Independent Non-executive Directors, Mr. Chiu Wai On (the Chairman of the Remuneration Committee), Mr. Man Kwok Leung and Mr. Sheung Kwong Cho. The Remuneration Committee is responsible for making recommendations to the Board on the Company’s remuneration policy and structure for Directors and senior management, and reviewing their remuneration packages. In arriving at its recommendations, the Remuneration Committee will consult with the Chairman and/or the CEO whenever it thinks fit and take into consideration factors such as the remuneration paid by comparable companies, skill, knowledge, time commitment and responsibilities of Directors.

Nomination Committee

The Company had established a Nomination Committee with written terms of reference. The Nomination Committee of the Company comprises three Independent Non-executive Directors, Mr. Chiu Wai On (the Chairman of the Nomination Committee), Mr. Man Kwok Leung and Mr. Sheung Kwong Cho. The Nomination Committee is responsible for reviewing the structure, size and composition of the Board, identifying suitable candidates for directorship, assessing the independence of independent non-executive Directors, and making recommendations to the Board regarding any proposed appointment or re-appointment.

Investment Committee

The Company had established an Investment Committee with written terms of reference. The members of the Investment Committee shall consist of not less than two members from amongst Directors and senior management of the Company of which at least one shall be Director.

The Investment Committee is responsible for, among others, to exercise delegated authority from the Board, to handle any issues or affairs related to the investment aspects of the Company, to review the investment performance from time to time and advise the Board on how the Company’s funds are to be used to enhance the Group’s investment returns, to consider, approve and/or recommend the Board taking any steps appropriate and necessary in relation to the investment activities of the Company and preserve the value of the Company’s funds and/or achieving capital appreciation.