The Nomination Committee has been established with specific written terms of reference which deal clearly with the Committee's authority and duties, among which including:

1.to identify and recommend to the Board individuals eligible for the appointment of a Director;

2.to assess and review factors such as the qualification and experience of candidates for Directors and advise the Board thereon;

3.to assess the qualification and experience of the Directors who are subject to retirement by rotation and re-election at each annual general meeting and advise the Board thereon;

4.to assess the independence and qualification of independent non-executive directors;

5.to review annually the structure, size and composition (including the skills, knowledge and experience) of the Board;

6.to draw up the board diversity policy and make recommendations to the Board. Review the implementation and effectiveness of such policy on an annual basis and report to the Board; and

7.to consider and supervise the implementation of the nomination policy of directors, to review and make recommendations on amendments to the Board where appropriate.