Composition

The Investment and Budget Management Committee comprises a total of 8 members, including 3 directors of the Company and 5 senior staffs of the Group. The 3 directors are: Mr. Sun Guigen (Chairman), Mr. He Hongxin and Dr. Li Fang; and the 4 senior staffs are: Mr. Bai Jinchang, Mr. Tian Jiandong, Mr. Chai Mao, and Mr. Chen Xuezhi.

Function

The Investment and Budget Management Committee is under the direct authority of the Board to increase the efficiency of investment and budgeting decisions. It reviews the execution of the Company’s investment and budgeting strategies, and discusses and considers the recommendations on investment and budgeting related matters of the Company.