Tong Ming is committed to transparent operations and to protecting shareholders' rights, and believes that a sound and effective board of directors is the foundation of good corporate governance. Under this principle, the board of directors has established an Audit Committee and a Remuneration Committee to assist the board in fulfilling its supervisory duties. Each committee's charter has been approved by the board, and each committee's chair reports regularly to the board on its activities and resolutions. The Audit Committee and the Remuneration Committee are composed entirely of independent directors.