Effective  discussions  and  prompt  and  prudent  decisions  could  be  made  in  the  Board  Meetings. The  attendance  at  the  Board  Meeting  of  2007  (in  person  or  by  proxy  of  other  directors)  was
100%. During the year, details of each director attending the Board Meetings are as follows:

The management is responsible for providing the relevant information required for considering and approving various resolutions to the Board of Directors, and arranging management staff to make work  report,  especially  the  progress  of  material  projects  of  the  Company,  at  the  time  of  Board Meetings.
iii.    Special Committees of the Board
Two  special  committees,  the  Audit  Committee  and  the  Remuneration  Committee  (“the  Special Committees”),  have  been  set  up  by  the  Board  of  Directors.  The  Board  will  fully  consider  the expertise and experience of each director when appointing members to each committee, so that each  committee  shall  perform  their  functions  effectively.  The  Audit  Committee  comprises  one non-executive  director  and  two  independent  non-executive  directors  while  the  Remuneration Committee comprises one executive director and two independent non-executive directors.
To specify the powers and duties of each committee and affair handling processes, the Practice
Code of Audit Committee and Practice Code of Remuneration Committee have been established
by  the  respective  committee  and  approved  by  the  Board.  Each  committee  convenes  regular meetings and reports its progress and outcome of discussions to the Board. The majority of the members actively participated in the affairs of committees. The Secretary to the Board assists the performance of obligations by each committee in all aspects.
For  the  purpose  of  financial  control,  the  Audit  Committee  is  responsible  for  reviewing  and monitoring  the  quality  and  procedure  of  the  Company’s  financial  statements.  According  to relevant regulation, the Company’s management is responsible for preparing financial statements, including   the   selection   of   appropriate   accounting   policies,   while   the   external   auditors   are responsible  for  the  audit  and  examination  of  the  Company’s  financial  statements.  Besides,  the Audit  Committee  is  responsible  for  monitoring  the  work  of  the  management  and  approving  the scope and precautions adopted by the management and the external auditors.