The current members of our audit committee are Mr. Franco Bernabè as chairman of the committee, Mr. Chee-Chen Tung , Mr.Cui Junhui and Mr. Wang Guoliang. The audit committee's major responsibilities include:

    supervising the integrity of financial reporting process to ensure fair, transparent and true financial disclosure;
    evaluating the effectiveness of the internal control and risk management framework;
    inspecting and supervising the effectiveness of the internal audit functions;
    reviewing the independent auditing process, evaluating the performance of external auditors annually and raising proposals together with the supervisory committee to the shareholders' meetings with respect to the retention of external auditors and the compensation of such external auditors;
    receiving and dealing with submissions and complaints by employees regarding accounting, internal control or auditing matters.