InductionProgrammersforDirectors
Newly  appointed  directors  will  be  provided  with  a  set  of  comprehensive  introduction  materials, covering brief introduction to the Dongfeng Motor Group’s business, directors’ responsibilities and other legal requirements. On 9 October 2007, the Company organised a special internal training programme  for  newly  appointed  directors,  with  a  view  to  familiarising  them  with  the  rules  and regulatory  provisions  and  their  continuing  obligations  of  being  a  director  before  they  assumed their duties. In 2007, the Company Secretariat prepared 24 issues of newsletters for directors and supervisors, providing them with the latest market news and the Company’s information. In 2007, the Company also arranged annual work reporting, and investment and financing work reporting, and organised site visits to the relevant units and business sectors for directors.
By  providing  them  with  information  and  arranging  work  reporting,  site  visits  and  professional trainings,  all  directors,  especially  the  independent  non-executive  directors,  will  be  kept  informed  of the business development, competition and regulatory environments as well as the industry in which  the  Company  operates,  which  will  help  the  directors  to  understand  their  responsibilities, make correct decisions and carry out effective supervision.
RemunerationofDirectors
The  Board  has  set  up  a  Remuneration  Committee  which  consists  of  one  executive  director  and two  independent  non-executive  directors.  The  duties  of  the  Remuneration  Committee  include formulating and reviewing the remuneration policies and plans for the directors and members of the senior management of the Company.
Other  than  the  three  independent  non-executive  directors  of  the  Company  who  are  entitled  to remuneration, all other directors do not receive remuneration of directors from the Company. The executive directors receive management remuneration from the Company and the remuneration of the independent non-executive directors is determined with reference to the average market level and the actual condition of the Company.
During the year, the remuneration paid to each of the three independent non-executive directors
by  the  Company  was  RMB120,000  after  tax  per  annum.  Apart  from  the  remuneration,  the independent non-executive directors have not received any other emoluments from the Company.
Directors’SecuritiesTransactions
After specific enquiry of all directors by the Company, all directors have confirmed that they have fully complied with the Model Code for Securities Transactions by Directors as set out in Appendix
10 to the Listing Rules throughout the year of 2007.
2007 Annual Report 
ii.     Board Meeting
Six board meetings were held by the Company in 2007 (“Board Meetings”) and the major matters covered were as follows:
•      to consider and approve the annual and interim reports;
•      to consider and approve the annual and interim financial reports and the report of the Board
of Directors;
•      to amend the Articles of Association;
•      to  elect  the  chairman  of  the  Board  of  Directors  and  set  up  a  new  session  of  the  special
Committees of the Board;
•      to formulate directors’ remuneration proposals;
•      to re-appoint the international auditors and domestic auditors;
•      to  consider  and  approve  the  issue  of  short-term  debentures  to  improve  the  debt  structure and reduce the finance costs of the Company.