We have established the Nomination Committee with written terms of reference in compliance with Rule 3.27A of the Listing Rules and the Corporate Governance Code. The Nomination Committee consists of one executive Director and two independent non-executive Directors, namely Ms. Li, Mr. Du Zhongbing and Mr. Li Jin. Ms. Li serves as the chairwoman of the Nomination Committee. The primary duties of the Nomination Committee include, without limitation, reviewing the structure, size and composition of our Board, assessing the independence of the independent non-executive Directors, and making recommendations to our Board on matters relating to the appointment of Directors.