The Company has employed its own internal auditors to perform regular and systemic reviews of the Group’s internal control system. The reviews provide reasonable assurance that the internal control system continues to operate satisfactorily and effectively within the Group and the Company.

With the assistance of the professional advisers, the in-house internal auditors and the Audit Committee, the Board annually conducts a review on the effectiveness of the Group’s internal controls, particularly in respect of the controls on financial, operational, compliance and risk management, to safeguard shareholders’ investment and the Group’s assets. 

After the annual review in 2011, the Board is satisfied with the adequacy of the system of internal control of the Company and the adequacy of resources, qualifications and experience of staff of the Group’s accounting and financial reporting function, and their training programmes and budget.