1. Whistle-blowing Policy.
The Company has no whistle-blower program in place as yet.
2. Conflict of Interest Policy.
No any member of the Board of Directors or Officers is elected or appointive of public position in any department, branch, agency or instrumentality of government.
Should any member of the Board of Directors or Officers is elected or appointed to any government position such directors or officers have the task to make necessary disclosure and/or to make the necessary leave of absence or resignation to either offices in conflict of his or her position.
3. Related Party Transaction Policy.
Related Party relationships exist when one party has the ability to control, directly or indirectly through one or more intermediaries, the other party or exercise significant influence over the other party in making financial and operating decisions. Such relationship also exist between and/or among entities, which are under common control with the reporting enterprise or between and/or among the reporting enterprises and their key management personnel, directors or their shareholders.
Transactions between related parties are accounted for at arm’s length prices or on terms similar to those offered to non-related entities in an economically comparable market
Advances to/from related parties are stated at fair market value.
4. Policy and Data Relating to Health, Safety and Welfare of Employees, including company sponsored trainings.
The Company adheres to and provides the grant of social benefits and health services unto its staffs/personnel conformably with law.
The Company encourages its staffs/personnel to undergo academic training and seminar for professional development and technical competitiveness at the Company’s expense, in order to be at pace with the dynamic and evolving global standards.