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 qualified candidates to the Board for appointment as Directors;

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 advisethe Board thereon;

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

5. to review the structure, size and composition (including the skills, knowledge and experience) ofthe Board annually, and assist the Board in maintaining a Board skills matrix;

6. to support the Company's regular evaluation of the Board's performance; and

7. responsible for formulating, reviewing, and supervising the implementation of the board diversity policy and the nomination policy of directors, and report to the Board where appropriate.