GOOD CORPORATE GOVERNANCE

In conducting its activities and ensuring a sustainable business growth, while thoroughly adhering to the prevailing laws and regulations, the Company upholds the following five GCG principles at all times:

TRANSPARENCY

RESPONSIBILITY

FAIRNESS

INDEPENDENCY

ACCOUNTABILITY

• The Company conducts its business with a high degree of transparency (openness), by providing all of its
  stakeholders with adequate access to all relevant and
  authentic information related to its business in an
  accurate and timely manner, commensurate with the interest of each stakeholder.

• The Company ensures that every plan, decision, and
  implementation of policies is performed in the interest of the stakeholders, whenever applicable. All operational and financial activities, including the Company's business development plans, are established, conceived, and
  performed in a fair and just manner, by taking into account
  all factors that may significantly affect the Company's
  business, and without discriminating certain parties on
  the grounds of their affiliations that are entirely unrelated
  to the Company's business.

• The Company prevents any interference of the BOC in
  all actions of the management and the decisions taken
  by the management, avoids any transactions with
  potential conflict of interest, and respects the rights of its minority shareholders by appointing an Independent
  Commissioner.

• The Company has established standardized and
  professional protocols for its every activity, and has performed such protocols in line with the prevailing
  policies in the Company.

• The Company conducts its business with a high degree of transparency (openness), by providing all of its
  stakeholders with adequate access to all relevant and
  authentic information related to its business in an
  accurate and timely manner, commensurate with the interest of each stakeholder.