The Board of Directors shall perform its duties in an accountable manner and shall ensure the best interests of the company .The functions of the Board of Directors shall include the review and approval of the Company’s results and operations to be disclosed on a regular basis to the public, the review and approval of the Group’s operating strategies, budget and the strategies in collaboration with international enterprises, as well as other major investments, application of funds and mergers and acquisitions with other enterprises. An Audit Committee under the Board of Directors was set up.
      For the year ended 31 December 2004, the Board of Directors comprised three Independent Non-executive Directors , and the company has received the Confirmation of Independency which is required by the Listing Rules of HKSE from these three Independent Non-executive Directors before the disclosure of the annual report and the company has confirmed their independency as required in accordance with the Listing Rules of HKSE. As the present , on third of the members of the Board of Directors are Independent Non-executive Directors. The Independent Non-executive Directors and Non-executive Directors of the company are influential persons; they are well-experienced to the healthy and sustainable growth of the Company.