United Energy Group Limited - HKExnews

UNITED ENERGY GROUP LIMITED
Corporate Governance Report
The Chairman ensures that board meetings are being held whenever necessary. Though the Chairman is responsible to
set the board meeting agenda, all board members are encouraged to participate to include matters in the agenda. The
Board conducts meeting on a regular basis and extra meetings are convened when circumstances require. The Bye-Laws
of the Company allow a board meeting to be conducted by way of a tele-conference.
There are eight meetings being held during the financial year for the 9 months ended 31 December 2009 and attendance
of individual directors are as follows:
Board Meetings
Zhang Hongwei 7/8
Zhu Jun 8/8
Zhang Meiying 8/8
Chau Siu Wai 7/8
San Fung 7/8
Zhu Chengwu 7/8
Responsibilities
In the course of discharging their duties, the directors act in good faith, with due diligence and care, and in the best interests
of the Company and its shareholders. Their responsibilities include (1) regular board meetings focusing on business
strategy, operational issues and financial performance; (2) monitoring the quality, timeliness, relevance and reliability of
internal and external reporting; (3) monitoring and managing potential conflicts of interest of management, board members
and shareholders, including misuse of corporate assets and abuse in connected transaction; and (4) ensuing processes
are in place to maintain the overall integrity of the Company, including financial statements, relationships with suppliers,
customers and other stakeholders, and compliance with all laws and ethics.
Director’s Responsibilities for the Financial Statement
The Directors acknowledge their responsibilities for the preparation of the financial statements of the Group and ensure that
the financial statements of the Group and ensure that the financial statements are accordance with statutory requirements
and applicable accounting standards. The Directors also ensure the timely publication of the financial statements of the
Group. In preparing the accounts for the 9 months ended 31 December 2009, the Directors have, among other things:
• Selected suitable accounting policies and applied them consistently;
• Approved adoption of all Hong Kong Financial Reporting Standards (“HKFRSs”) which are in conformity with the
International Financial Reporting Standards (“IFRSs”); and
• Made judgments and estimates that are prudent and reasonable; and have prepared the accounts on the going
concern basis.
The Directors confirm that, to the best of their knowledge, information and belief, having made all reasonable enquiries,
they are not aware of any material uncertainties relating to events or conditions that may cast significant doubt upon the
Company’s ability to continue as a going concern.
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