Corporate Governance

The Board of Directors (the “Board”) is committed to ensuring that the highest standards of corporate governance are practiced throughout Ying Li International Real Estate Limited (the “Company”) and its subsidiaries (the “Group”), as a fundamental part of its responsibilities to protect and enhance shareholder value and the financial performance of the Group.

The Board is responsible for setting the Group’s strategic direction, executing these strategies and strengthening the robustness of the Group.

The Board objectively makes decisions in the interests of the Group and has delegated specific responsibilities to four Board Committees, namely:

(1) Audit Committee (“AC”)

(2) Risk Committee

(3) Nominating Committee (“NC”)

(4) Remuneration Committee (“RC”)

The Board accepts that while these Board Committees have the authority to examine particular issues and will report back to the Board with their decisions and/or recommendations, the ultimate responsibility for all matters lies with the Board. The effectiveness of each Board Committee is also constantly monitored by the Board.