Governance

BEWG has established an effective corporate governance structure. The Board is dedicated to maintaining governance quality, enhancing transparency, safeguarding stakeholders' rights, and boosting shareholder value. Under the Group’s amended and restated Bye-laws, one-third of directors must rotate at each annual general meeting, with each director stepping down at least every three years. Nominees are assessed by the nomination committee before being recommended to the Board for approval. Board elections follow HKEX diversity rules, ensuring a balanced mix of skills, experience, and viewpoints. As of mid-2025, 3 female directors were on the Board.

The Group has established a clawbacks and malus mechanism. For executives and employees who violate laws, regulations, or Group rules, or who fail to perform or improperly perform their duties, and cause economic loss or other adverse consequences to the Group, the Group will pursue accountability at different levels for the violations and conduct clawbacks and impose malus on performance-based annual remuneration after investigation and verification.

For more information, please refer to the Corporate Governance Report of the 2024 Annual Report.

The Board is responsible for formulating and coordinating the Group's governance codes and anti-corruption strategies, with a commitment to building a incorruptible and compliance management framework. The Group's management is responsible for implementing the Board's decisions, ensuring that integrity and compliance requirements are integrated into every aspect of the Group's production, operation, and talent management. In addition, the Company has established a special leadership group for ethics and compliance to oversee employees' adherence to professional ethics, lawful and compliant conduct, and to handle any violations of professional ethics. Under the leadership of the Group's Discipline Inspection Commission and the Party Committee, the Group's Discipline Inspection Commission Office undertakes the responsibilities of supervision, disciplinary enforcement, and accountability.

The Group's Audit Centre conducts internal audit work annually, covering business ethics compliance content. This includes reviewing the implementation and results of relevant business ethics systems, achieving full coverage audits every three years, and transferring the discovered integrity issues and clues to the relevant responsible departments of the Group for handling.

We integrate integrity culture into business management. In 2024, we used diverse media like WeChat official accounts, intranet, boards, bulletin boards, and screens to strengthen integrity education, achieving full coverage and fostering a corruption-resistant atmosphere. In 2024, BEWG's business ethics training covered 100% of our employees (including full-time contract employee, intern and contractors). In addition, we sent out anti-corruption emails to our suppliers and conduct awareness and training programmes on business ethics for our suppliers to raise their awareness of anti-corruption.

BEWG has established the Supplier Management Policies of BEWG, which sets out regulations for suppliers in four key areas: labour and human rights, health and workplace safety, environmental protection, and anti-corruption. We implement whole process management in supplier admission, review, and evaluation, and require all suppliers to comply with the BEWG Anti-bribery and Anti-corruption Policy. Suppliers must adhere to applicable anti-corruption laws in all countries/regions where they conduct business, act transparently and with integrity, and strictly prohibit any form of corruption, criminal inducement, extortion, and bribery. Suppliers are also prohibited from directly or indirectly offering, promising, paying, or soliciting money or other benefits through bribery and/or facilitation payments, or from obtaining improper benefits directly or through intermediaries. For more details on our anti-corruption and anti-bribery requirements for suppliers, please refer to the Supplier Management Policies of BEWG.

For more information, please refer to About-Integrity Compliance sector of our website.