The Company is committed to building and maintaining high standards of corporate governance. The Board assumes responsibility for leadership and control of the Company and is collectively responsible for promoting the success of the Company by directing and supervising the Company’s affairs. The Board delegated the day-to-day operation responsibility to the management under the supervision of the Chief Executive Officer and various Board committees. The Company is also committed to achieving a high level of transparency with timely communication of information to shareholders and investors through different channels, including corporate web site, investor meetings, press conferences and financial reports.