The board (“Board”) of directors (“Directors”) is collectively responsible for the management and activity of the Company, including the responsibility for approval and control of overall development strategies, annual budget, business plans and material investment plans for the Company; control and evaluation of the performance of the Company in terms of policies, budgets and plans; approval and supervision of management performance; formulating health, safety and environment strategy; evaluating and determining the risks related to health, safety and environment; maintaining the health, safety and environment management systems and internal control systems of the Company; reporting of the Company’s operation to all parties, to whom the report is to be submitted in accordance with the established procedure and ensuring that the accounting records are consistent with the legal obligations of the Company.