Whistle Blowing System

Violation reporting system or Whistle Blowing System is one element of internal control at the entity level (entity level control). This system is designed and run by the Board of Commissioners to prevent, identify and detect possible criminal acts (fraud) and violations of applicable regulations, which can result in losses for the Company. This system provides formal reports for third parties and employees to submit complaints and provides clear and consistent policies and procedures for handling complaints.

Complaints submitted by reporters must be made with a sense of responsibility and not slandering, which can tarnish someone’s good name or reputation. Complaints from Third Parties and Employees are handled by Commissioners, Accounting and internal control over financial reporting that could potentially result in material misstatement in the financial statements:

•  Audits, especially those concerning the independency of the Public Accounting Firm;
•  Violations of laws and regulations relating to the Company’s operations;
•  Violations of internal regulations that have the potential to cause harm to the Company;
•  Fraud and/or suspected corruption committed by officials and/or employees of the Company;
•  The behavior of the Directors and Management that is not commendable, which could potentially tarnish the reputation of the Company or cause harm to the Company.

The dishonorable behavior of the Directors and Management includes: dishonesty, conflict of interest with the Company, or misleading information to the public. Complaints submitted by the reporter must be made with a sense of responsibility and not slandering, which can tarnish the reputation or reputation of someone.

Requirements for Filing a Complaint Delivered in written form:

•  Contains reporter’s identity. The Commissioner will maintain the confidentiality of the reporter’s identity;
•  Contains information that provides instructions regarding problems as described in the types of complaints above;
•  Information must be supported by sufficient and reliable evidence as preliminary data for further examination