This excerpt taken from the CTRP 20-F filed Apr 29, 2008.
We have entered into a standard form of director agreement with each of our directors. Under these agreements, we paid cash compensation (inclusive of directors fees) to our directors in an aggregate amount of US$407,375 in 2007. Directors are reimbursed for all expenses incurred in connection with each Board of Directors meeting and when carrying out their duties as directors of our company. See Employees Stock Option Plans for options granted to our directors in 2007.
We have entered into standard forms of employment agreements with our executive officers. Under these agreements, we paid cash compensation to our executive officers in an aggregate amount of US$744,675 in 2007. These agreements provide for terms of service, salary and additional cash compensation arrangements, all of which have been reflected in the 2007 aggregate compensation amount. See Employees Stock Option Plans for options granted to our executive officers in 2007.