Conflict- of- Interest Policy

Pursuant to the Code of Corporate Governance for Publicly-Listed Companies (CGC-PLCs), “the Board should oversee that an appropriate internal control system is in place, including setting up a mechanism for monitoring and managing potential conflicts of interest of the Management, board members, and shareholders. The Board should also approve the Internal Audit Charter.”

On the basis of the foregoing, the Company hereby establishes a Conflict-of-Interest-Policy.  The Board of Directors, officers, and all employees shall at all times avoid any conflict-of-interest.   The Company’s business interest shall in all cases be given preeminence over personal interests of all employees.

The Board, thru the Corporate Governance Committee shall ensure the implementation of this policy by  formally establishing an appropriate internal control system, including setting up a mechanism for monitoring and managing potential conflicts of interest of the Management, board members, employees and shareholders.