The Board of Directors of the Company consists of 7 directors, 3 of whom are independent directors. The Board of Directors contains the Sustainable Development Committee, the Strategy Committee, the Nomination and Company Management Committee, the Salary and Assessment Committee and the Audit and Risk Committee. Three independent directors are chosen respectively for the Chairmen of Nomination and Company Management Committee, the Salary and Assessment Committee and the Audit and Risk Committee, and the members of the three important professional committees are mainly independent directors. When it comes to major productions and operation decisions, foreign investments, nominations of senior executives and their salaries and appraisals, or internal audits and other matters, the independent directors learn about the facts through interviews or telephone conversations with relevant personnel, reviewing relevant materials in advance and consulting with the board offices to make prudent decisions using their expertise, airing independent opinions and playing an important role in supervision and consultation. The directors of the company, in accordance with the rights conferred by relevant laws and regulations and the Procedures Rule for the Board of Directors, faithfully, honestly and diligently exercise their rights and perform their obligations.

The Sustainable Development Committee of Sinochem International is responsible for formulating the sustainable development goals and plans, supervising the operation of sustainable development systems of each business sector, and providing suggestions and plans for improving the sustainable development performance; responsible for strengthening the company's decision-making and supervision ability and managing inappropriate employee behavior to avoid controversial misconduct. The Board of Directors deliberated and passed the Working Rules on Sustainable Development Committee of Sinochem International to enhance the overall level of sustainable development management.

 

The Strategy Committee is responsible for studying long-term development strategies and major investment decisions as well as proposing suggestions.

 

The Nominating and Corporate Governance Committee is responsible for studying the criteria and procedures for the selection of directors and senior management and proposing suggestions, selecting qualified candidates and checking the qualifications of candidates for director and senior management positions and proposing suggestions.

 

The Remuneration and Assessment Committee is responsible for studying assessment criteria for directors and senior management, carrying out assessment and proposing suggestions, and studying and examining remuneration policies and plans for directors and senior management positions.

 

The Audit and Risk Committee is responsible for supervising and evaluating external audits, proposing to hire or replace external audit agencies, supervising and evaluating internal audits, coordinating internal and external audits, auditing financial information and its disclosure, supervising and evaluating internal control of the Company, and covering other matters authorized by laws, regulations, articles of association, and the Board of Directors.

The Supervisory Committee of the company has three members, including two shareholders' representative supervisors and one employees' representative supervisor who was elected by the company's congress of workers and staff in accordance with relevant regulations. The day-to-day work of the Supervisory Committee includes diligently and conscientiously reviewing the company's quarterly, semi-annual and annual financial statements and other matters and making audit opinions in written form; supervising the actions to fulfill duties of the company's directors and senior managers and supervising the company's major investments and major financial decisions.