CITIC Limited Half-Year Report 2019

141 Half-Year Report 2019 CITIC Limited • Strategic Committee accommodates the strategic development of CITIC Limited and enhances its core competitiveness, makes and implements the development plan of CITIC Limited, simplifies the investment- related decision making procedures and procures well-advised and efficient decision making. The committee is chaired by Mr Chang Zhenming, the chairman of the board, and other members include an executive director, Mr Wang Jiong (being vice chairman and president of CITIC Limited), three non-executive directors, Mr Song Kangle, Ms Yan Shuqin and Mr Yang Xiaoping, and two independent non-executive directors, Mr Anthony Francis Neoh and Mr Shohei Harada. Mr Li Rucheng, being a former non-executive director of CITIC Limited, serves as a consultant to the committee. • Special Committee has dealt with all matters relating to the investigations arising from the 2008 forex incident, including but not limited to, by the Market Misconduct Tribunal and the Securities and Futures Commission. The committee comprised of two members, Mr Zhang Jijing and Mr Francis Siu Wai Keung. Management Committees • Executive Committee is the highest authority of the management of CITIC Limited accountable to the board. The functions and powers of the executive committee are: – to formulate CITIC Limited’s material strategic plans; – to formulate CITIC Limited’s annual material investment and financing plans (including reviewing material investment plans, feasibility studies, proposed disposals/divestments, mergers and acquisitions and other significant transactions of CITIC Limited); – to review CITIC Limited’s annual business plan and finance plans; – to review monthly reports of CITIC Limited, and to submit to the board before each month-end the monthly report for the previous month; – to manage and monitor CITIC Limited’s core activities; – to appoint and remove mid-level and above key personnel (other than personnel above the rank of assistant to general manager, and those appointed and removed by the board); – to approve internal rules on day-to-day operations of CITIC Limited; – to review and approve proposals to establish and adjust CITIC Limited’s management and organizational structure; and – to discharge other powers and functions conferred on it by the board. The first three items and other matters within the authority of the board should be submitted for approval by the board, and thereafter implemented by the executive committee. The committee is chaired by Mr Chang Zhenming, the chairman of the board, and other members are Mr Wang Jiong (being executive director, vice chairman and president of CITIC Limited and also serves as vice chairman of the committee), Mr Cai Huaxiang (serving as vice chairman of the committee), Ms Li Qingping (being executive director and vice president of CITIC Limited), Mr Cui Jun, Mr Liu Zhengjun (being vice president of CITIC Limited), Mr Huang Zhiqiang (being vice president of CITIC Limited), Mr Cai Xiliang (being vice president of CITIC Limited) and Mr Xu Zuo (being vice president of CITIC Limited).