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Corporate Governance Report





               AUDIT COMMITTEE


               The  audit  committee  currently  comprises  Mr  CHEUNG,  Johnson  (appointed  on  6th  April  2016)  (chairman
               of the audit committee), Mr LI Wah Ming and Mr LEE Tak Chi, all of whom are independent non-executive
               directors.

               The  audit  committee  has  reviewed  with  management  the  accounting  principles  and  practices  adopted  by
               the Group and discussed internal controls and financial reporting matters including the review of the financial
               statements of the Group for the year ended 31st March 2017.


               Two audit committee meetings were held during the year ended 31st March 2017 and the attendance of each
               committee member is set out as follows:


               Members of the Audit Committee                                      Attended/Eligible to attend
               Mr CHEUNG, Johnson                                                                        2/2
               Mr LI Wah Ming                                                                            2/2
               Mr LEE Tak Chi                                                                            1/2

               NOMINATION COMMITTEE


               The  Company  established  a  nomination  committee  with  written  terms  of  reference  in  accordance  with  the
               Code provisions.


               The  nomination  committee  currently  comprises  Mr  LEUNG  Kai  Ching,  Kimen  (chairman  of  the  nomination
               committee),  Mr  LEUNG  Wai  Sing,  Wilson,  Mr  LI  Wah  Ming,  Mr  LEE  Tak  Chi  and  Mr  CHEUNG,  Johnson
               (appointed on 6th April 2016).


               The  primary  duties  of  the  nomination  committee  are  to  review  the  structure,  size  and  composition  of
               the  Board,  and  to  identify  individuals  suitably  qualified  to  become  board  members  and  select  or  make
               recommendations  to  the  Board  on  the  selection  of  individuals  nominated  for  directorship.  Besides,  the
               nomination committee has adopted a board diversity policy in which the diversity of board members can be
               achieved through consideration of a number of factors, including but not limited to gender, age, cultural and
               educational background, skills, knowledge and professional experience. The above aspects will be taken into
               account when the selection of board members is necessary.


               One nomination committee meeting was held during the year ended 31st March 2017 and the attendance of
               each committee member is set out as follows:

               Members of the Nomination Committee                                 Attended/Eligible to attend

               Mr LEUNG Kai Ching, Kimen                                                                 1/1
               Mr LEUNG Wai Sing, Wilson                                                                 1/1
               Mr LI Wah Ming                                                                            1/1
               Mr LEE Tak Chi                                                                            1/1
               Mr CHEUNG, Johnson                                                                        1/1




         18    ALCO HOLDINGS LIMITED  ANNUAL REPORT 2017
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