Accountability

Person Holding the Position of Chief Executive Officer and Chairman

Person holding the position of chief executive officer and chairman. The chairman of the Board of Directors represents the group of majority shareholders who together hold 24.43% (as of the latest register closing date on August 31,2015) of the Company’s all paid-up shares. The chairman of the Board of Director also serves as chief executive officer. Nonetheless, non-routine transactions are subject to the scrutiny of the Board of Directors of which at least one third of the members are independent directors.