CORPORATE GOVERNANCE

The board of Directors of Xi'an Haitian Technologies Co., Ltd. (the "Company") and management of the Company are committed to achieve high standards of corporate governance through which higher level of accountability and transparency of the Company's operation can be achieved.
The Company is committed to comply with the Code on Corporate Governance Practices (the "Code") as set out in Appendix 15 of the Rules (the "Listing Rules") Governing the Listing of Securities on the Growth Enterprise Market (the "GEM") of the Stock Exchange of Hong Kong Limited (the "Stock Exchange").

The full report:

• Corporate Governance Report 2005

Board Committee's Terms of Reference:

• Audit Committee
• Remuneration Committee
• Nomination Committee