Pursuant to Rule 2.07A of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the Articles of Association of China ZhengTong Auto Services Holdings Limited (the “Company”), from 23 January 2024, the Company will disseminate the future corporate communications of the Company (the “Corporate Communications”) to its Shareholders (the “Shareholders”) electronically and only send Corporate Communications in printed form to the Shareholders upon request.
Please click the links below to view the details:
Dissemination of Corporate Communications

 Arrangement of Electronic Dissemination of Corporate Communications.pdf

The Audit Committee is primarily responsible for reviewing financial information of the Group, monitoring the external auditor’s independence and objectivity and effectiveness of the audit process and making recommendations to the Board on the appointment, re-appointment, removal and approve remuneration and terms of engagement of the Company’s external auditor. The audit committee is also responsible for reviewing the financial reporting process and financial controls, internal controls and risk management systems, including the adequacy of resources, staff qualifications and experience, training programmes and budget of the internal audit functions as well as arrangements for concerns about possible improprieties in financial reporting, internal control or other matters raised by employees of the Company (“whistle blowing”).
The Audit Committee comprises three members, including independent non-executive Directors, Dr. Tsui Wai Ling, Carlye, Mr. Shen Jinjun and Ms. Yu Jianrong. Dr. Tsui Wai Ling, Carlye is the chairman of the Audit Committee.

 Audit Committee - terms of reference.pdf

The Remuneration Committee is primarily responsible for making recommendations to the Board on the Company’s remuneration policy and structure for all Directors and senior management and on the establishment of a formal and transparent procedure for developing remuneration policy. The responsibilities of the Remuneration Committee also include reviewing and approving the management’s remuneration proposals with reference to the Board’s corporate goals and objectives, and ensuring that no Director or any of his associates participates in deciding his own remuneration.
The Remuneration Committee comprises three members, including independent non-executive Directors, Ms. Yu Jianrong, Dr. Tsui Wai Ling, Carlye and executive Director, Mr. Wang Mingcheng. Ms. Yu Jianrong is the chairman of the Remuneration Committee.

 Remuneration committee - terms of reference

The principal duties of the Nomination Committee include reviewing the structure, size and composition of the Board and making recommendations regarding any proposed changes, identifying suitable candidates for appointment as Directors, making recommendations to the Board on the appointment or re-appointment of and succession planning of Directors and assessing the independence of independent non-executive Directors. The Nomination Committee will also review the Board Diversity Policy as and when appropriate to ensure its effectiveness and discuss any revisions that may be required in the light of the Company’s corporate strategy and recommend any such revisions to the Board for consideration and approval.
The Nomination Committee comprises three members, including executive Director, Mr. Huang Junfeng, independent non-executive Directors, Mr. Shen Jinjun and Ms.Yu Jianrong. Mr. Huang Junfeng is the chairman of the Nomination Committee.

 Nomination committee - terms of reference.pdf

The primary duties of the Environmental, Social and Governance Committee are mainly to recommend and review the group’s ESG management policies, vision, strategies and goals, and submit to the Board for approval; to identify ESG-related matters that are significant to the operation of the Group and/or the interests of other stakeholders, and evaluate and determine the Group’s ESG-related risks and opportunities, such as determining the criteria of selecting material ESG factors, identifying and continuously reviewing the list of material ESG factors, and determine the risks and opportunities that material ESG factors will bring to the Group; to approve and review ESG-related policies and to review and evaluate the adequacy and effectiveness of ESG risk management and internal control systems; and to review the Group’s performance periodically against ESG-related goals and targets and its progress.

The Environmental, Social and Governance Committee comprises three members, including executive Directors, Mr. Wang Mingcheng, Executive Director, Mr. Huang Junfeng and executive vice president, Mr. Luo Yaohuang. Mr. Wang Mingcheng is the chairman of theEnvironmental, Social and Governance Committee.

 Memorandum And Articles Of Associlation.pdf