Annual Report 2021

CORPORATE GOVERNANCE REPORT 28 The United Laboratories International Holdings Limited Annual Report 2021 CORPORATE GOVERNANCE PRACTICES The Board is of the view that best corporate governance is crucial to safeguard the interests of shareholders and to enhance the Group’s performance. The Board is dedicated to maintaining and ensuring a high standard of corporate governance. For the year ended 31 December 2021, the Company has applied and complied with the applicable code provisions set out in the Corporate Governance Code (“CG Code”) and Corporate Governance Report contained in Appendix 14 of the rules Governing the Listing of Securities (“Listing Rules”) on the Stock Exchange, except for deviation which is summarized below: Code Provision A.2.1 Under the code provision A.2.1 of the CG Code, the roles of chairman and chief executive officer should be separate and should not be performed by the same individual. During the year ended 31 December 2021, the Company did not have a chief executive officer. The Company will make appointment to fill the post as appropriate. THE BOARD The Board comprises six executive directors and three independent non-executive directors. The biographical details and the relationships of the members of the Board have been set out in the “Biographical Details of Directors & Senior Management” on pages 17 to 19. The Board has established four Board committees, namely Audit Committee, Remuneration Committee, Nomination Committee and Risk Management Committee. The attendance rates of individual directors at board meetings, annual general meeting and other meetings of board committees are set out below. The duties of the Board and the Board committees are outlined in the later part of this report. Board Annual General Meeting Audit Committee Remuneration Committee Nomination Committee Risk Management Committee Executive Directors Mr. Tsoi Hoi Shan 4/4 1/1 N/A N/A N/A N/A Mr. Leung Wing Hon 4/4 1/1 N/A N/A N/A 1/1 Ms. Choy Siu Chit 4/4 1/1 N/A N/A N/A 1/1 Mr. Fang Yu Ping 4/4 1/1 N/A N/A N/A N/A Ms. Zou Xian Hong 4/4 1/1 N/A N/A N/A N/A Ms. Zhu Su Yan 4/4 1/1 N/A N/A N/A N/A Independent Non-executive Directors Mr. Chong Peng Oon 4/4 1/1 2/2 1/1 1/1 1/1 Prof. Song Ming 4/4 1/1 2/2 1/1 1/1 1/1 Ms. Fu Xiao Nan 4/4 1/1 2/2 1/1 1/1 N/A