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Corporate Governance

As a foreign private issuer whose ADSs are listed on the Nasdaq, we are permitted to follow certain home country corporate governance practices pursuant to exemptions under the Nasdaq Stock Market Rules. A foreign private issuer must disclose in its annual reports filed with the SEC each requirement under the Nasdaq Stock Market Rules with which it does not comply, followed by a description of its applicable home country practice. Our Cayman Islands home country practices may afford less protection to holders of our ADSs. Upon the completion of this offering, we will follow our home country practices and rely on certain exemptions provided by the Nasdaq Stock Market Rules to a foreign private issuer, including exemption from the requirement that we have a nominating and corporate governance committee and a compensation committee, each of which is composed entirely of independent directors. As a result of our reliance on the corporate governance exemptions available to foreign private issuers, you will not have the same protection afforded to shareholders of companies that are subject to all of Nasdaq's corporate governance requirements.

Our nominating and corporate governance committee consists of Mr. Ligang Zhang, Mr. Minjian Shi and Mr. Thomas McCoy Roberts and is chaired by Mr. Ligang Zhang. Mr. Thomas McCoy Roberts satisfies the "independence" requirements of the Nasdaq Stock Market Rules. The nominating and corporate governance committee will assist the board of directors in selecting individuals qualified to serve as our directors and in determining the composition of the board and its committees. The nominating and corporate governance committee will be responsible for, among other things:

  • Selecting and recommending to the board nominees for election by the shareholders or appointment by the board
  • Periodically reviewing with the board the current composition of the board with regard to characteristics such as independence, knowledge, skills, experience and diversity
  • Making recommendations on the frequency and structure of board meetings and monitoring the functioning of the committees of the board; and
  • Advising the board periodically with regard to significant developments in the law and practice of corporate governance, as well as our compliance with applicable laws and regulations, and making recommendations to the board on all corporate governance matters and on any remedial action to be taken.

Below is a summary of our committee structure and membership information. To read more about any of the committees, click on committee names in the chart below.
Chairperson Chairperson Committee Member Member Financial Expert Financial Expert
 Audit Committee Compensation CommitteeNominating and Corporate Governance Committee
Daqing Qi Financial Expert Chairperson   
Ruby  Lu   Committee Member   
Zhengdong Ni  Committee Member   
Feiyan Huang   Chairperson  
Man Ho Kee Harry   Committee Member  
Ligang Zhang    Chairperson
Minjian Shi    Committee Member
Thomas McCoy Roberts    Committee Member
Governance Documents
Download Corporate Governance DocumentationCode of Business Conduct and Ethics
Committee Charters
Download Corporate Governance DocumentationAudit Committee
Download Corporate Governance DocumentationCompensation Committee
Download Corporate Governance DocumentationNominating and Corporate Governance Committee

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