Fudao Phase I: The designed annual output is 520,000 tons of "Fudao brand" large granular urea.
Fudao Phase II: The designed annual output is 800,000 tons of "Fudao" large granular urea and 50,000 tons of "Fudao" compound fertilizer.
China Shipping Tao Jian: The designed methanol project with an annual output of 600,000 tons is expected to be put into production in June+10, 2007.
Production of food-grade carbon dioxide
Operate the transportation business of Bashuo Port Terminal.
Plastic woven bag production audit Committee
The Board of Directors has established an Audit Committee in accordance with Rules 3.2 1 and 3.22 of the Hong Kong Listing Rules. The Committee's main duties are to review and supervise the company's financial reporting procedures and internal control system, and provide suggestions and opinions to the board of directors. The Audit Committee consists of three members, all of whom are non-executive directors (including two independent non-executive directors) of the Company. Chairman of the audit committee. At present, the other members of the Audit Committee are Zhang Xinzhi and Wu Xiaohua.
Remuneration Committee
The Company has established a Remuneration Committee in accordance with the Code of Corporate Governance Practices under the Hong Kong Listing Rules. The Remuneration Committee is responsible for considering the remuneration and other benefits paid by the Company to directors and senior management, and making recommendations thereon for approval by the Board of Directors. The Remuneration Committee also advises the Board on the remuneration policy and structure of directors and senior management, including performance evaluation and approval criteria and reward scheme. The remuneration committee is also responsible for monitoring the implementation of the remuneration system. The three members of the Remuneration Committee are all directors (most of them are independent non-executive directors), the chairman is, and the other current members are He Xu.
nominations committee
The Board also established a nomination committee in accordance with the Code of Corporate Governance Practices of the Hong Kong Listing Rules. The Nomination Committee is responsible for regularly reviewing the structure, size and composition of the Board of Directors (including skills, knowledge and experience) and making recommendations to the Board of Directors on various proposed changes. The Nomination Committee evaluates the independence of independent non-executive directors and makes recommendations to the Board of Directors on matters such as the appointment, re-appointment and succession planning of directors. The three members of the Nomination Committee are all directors (mostly independent non-executive directors), with Yang as the chairman and Wenshan Wang and other current members, all of whom are independent non-executive directors of the Company.
Investment Review Committee
From June 5, 2007 to 2007 10, the board of directors set up an investment review committee to improve the quality of the company's investment decisions. The Investment Review Committee is mainly responsible for reviewing the investment projects beyond the decision-making scope of the company's management authorized by the board of directors, and making decision suggestions to the board of directors. The Investment Review Committee consists of four independent non-executive directors, Xu, non-executive director and executive director Yang, with Mr. Wang as the chairman.