The board of directors of the Company (the "Board") is responsible for overseeing the Company's internal control system.
The Board and the management of the Group aim to maintain a sound and effective system of internal control of the Group so as to ensure the effectiveness and efficiency of operations of the Group in achieving the established corporate objectives, safeguarding assets of the Group, rendering reliable financial reporting and complying with the applicable laws and regulations. The Board will conduct a review of the effectiveness of the internal control system of the Company for each of the year under review. The Board is also responsible for making appropriate assertions on the adequacy of internal control and procedures. Through the audit committee of the Group, the Board reviews the effectiveness of these systems on a regular basis.
The Board is committed to maintaining sound and effective internal controls to safeguard the Shareholders' investment and the Group's assets.