We have retained our original system of "three committees and one management", consisting of the shareholders' conference, the board of directors, and the board of supervisors, and the independent director system. It forms a mechanism that establishes mutual coordination and check and balance between the organ of power, the organ of decision making, the organ of supervision, and the management with clearly defined authority and responsibility and standardized operation. The Company's board of directors has five committees of risk control, strategy, audit, compensation and nomination. The proportion of independent director accounts for 1/3 of the total of directors to ensure that decision making could be objective and scientific, and the functions of the board could be effective.
