The Company is committed to ensure that its affairs are conducted in accordance with high ethical standards; something that we believe is a key component to maximise the shareholder wealth in the long term. The Board of Directors of the Company has adopted its own code on corporate governance practices (the “Code”) that is fully in compliance with the principles set out in the Code on Corporate Governance Practices contained in Appendix 14 to Rules Governing the Listing of Securities on the Stock of Exchange of Hong Kong Limited. The Code sets out the corporate governance principles to be applied by the Company and its subsidiaries. This reflects our belief that in achieving our business objectives it is imperative that we act with high standards of probity, transparency and accountability.