Corporate Governance
Board of Directors
Executive Directors
Mr. Pang Yuet (Chairman)
Mr. Sun Peng
Mr. Wang Jizhuo
Non-Executive Director
Ms. Liu Siyuan
Independent Non-Executive Directors
Mr. Ng Kwun Wan
Mr. Wong Cheuk Bun
Mr. Hon Ming Sang
Their Role and Function
There are four Board committees. The table below provides membership information of these committees on which each Board member serves.
Notes:
C Chairman of the relevant Board Committees
M Member of the relevant Board Committees
Board Committees
Board Committees
The Remuneration, Audit, Nomination Committees and Executive Committees are set up by the Board with their roles and authorities delegated by the Board, which are set out in their respective terms of reference.
Audit Committee
The Audit Committee was set up to review, oversee and monitor the Group's financial reporting system and internal control procedures.
The membership of the Committee comprises all the Independent Non-Executive Directors of the Company who have accounting or related financial management expertise:
Mr. Ng Kwun Wan (Independent Non-Executive Director) Chairman
Mr. Wong Cheuk Bun (Independent Non-Executive Director) Member
Mr. Hon Ming Sang (Independent Non-Executive Director) Member
Nomination Committee
The Nomination Committee was set up to review and assess the structure, size and composition of the Board and to identify and make recommendation to the Board on the selection, appointment or re-appointment for directorship.
The membership of the Committee comprises:
Mr. Ng Kwun Wan (Independent Non-Executive Director) Chairman
Ms. Liu Siyuan (Non-Executive Director) Member
Mr. Wong Cheuk Bun (Independent Non-Executive Director) Member
Remuneration Committee
The Remuneration Committee makes recommendations to the Board on policies relating to the remuneration of Directors and senior management of the Company. No Director shall be involved in deciding his or her own remuneration. In compliance with the Listing Rules, the majority of the members of the Committee are Independent Non-Executive Directors.
The membership of the Committee comprises:
Mr. Ng Kwun Wan (Independent Non-Executive Director) Chairman
Mr. Wong Cheuk Bun (Independent Non-Executive Director) Member
Mr. Hon Ming Sang (Independent Non-Executive Director) Member
Executive Committee
The Executive Committee was set up to review and oversee the day-to-day running of the Group's business in accordance with the business plans and within budgets approved by the Board.
The membership of the Committee comprises:
Mr. Pang Yuet (Executive Director) Chairman
Mr. Sun Peng (Executive Director) Member
Constitutional Documents
Memorandum and Articles of Association
Appended below is the duly adopted Articles of Association of Asia Energy Logistics Group Limited.
Shareholders’ Communication
Asia Energy Logistics Group Limited has established a Shareholders Communication Policy aimed at promoting and facilitating effective communication with its shareholders.
Shareholders' Communication Policy
Procedure for Shareholders to Propose a Person for Election as a Director
Appended below is the procedure for shareholders to propose a person for election as a director of the Company, which are subject to the Company's articles of association and applicable legislation and regulation.
Procedures for Election of Directors