Board Diversity Policy

A. PURPOSE

The board diversity policy (the “Policy”) aims to outline the Policy in relation to diversity on the Company’s board of directors (the “Board”).

B. SCOPE OF APPLICATION

The Policy applies to the Board. It does not apply to diversity in relation to employees of the Company and its subsidiaries.

C. POLICY STATEMENT

The Company recognizes and embraces the benefits of having a diverse Board, and sees increasing diversity at Board level as an essential element in maintaining a competitive advantage. A truly diverse Board will include and make good use of differences in the skills, regional and industry experience, background, race, gender and other qualities of Directors. These differences will be considered in determining the optimum composition of the Board and when possible should be balanced appropriately. All Board appointments are made on merit and candidates will be considered against objective criteria, having due regard for the benefits of diversity on the Board.

D. MEASURABLE OBJECTIVES

The Nomination Committee will discuss annually for achieving diversity from a number of aspects, including but not limited to gender, age, ethnicity, skills, cultural and educational background, professional experience and knowledge.

E. MONITORING AND REPORTING

The Nomination Committee will report to the Board and the Board will review the effectiveness and relevance of the measurable objectives on an annual basis. A summary of this Policy and the measurable objectives set by the Board will be disclosed in the Corporate Governance Report of the annual report.

This Policy will also be published on the Company’s website for public information.

F. REVIEW OF THE POLICY

The Nomination Committee will conduct a review of the Policy periodically which will include an assessment of the effectiveness of the Policy and recommend any proposed changes to rectify identified deficiencies for the Board approval.