Corporate Governance

Integrity is the foundation and the core value of business operation. To strengthen corporate governance and risk control, AnCang has established the "Code of Conduct on Integrity" and "Code of Ethical Conduct", which stipulate that directors, managers, employees, appointees, or persons with substantial control should comply with the law and prevent dishonest business practices.

To strengthen corporate culture on honest management and to establish a structure for well business operation, our Accounting Department is a dedicated (part-time) unit responsible for the development and implementation on integrity management policies and prevention programs, with appropriate reporting channels for internal and external personnel.

The Company shall report to the Board of Directors on a regular basis (at least once a year) on the following matters:

1. Assist in integrating integrity and ethical values into the company's business strategy, and develop measures to ensure honest business practices in accordance with laws and regulations.
2. Regularly analyze and assess the risk of dishonest behavior in the business area, and formulate prevention programs for dishonest behavior based on these programs, and establish standard operating procedures and behavioral guidelines related to work operations in each program. 
3. Planning the internal organization, establishment, and responsibilities, placing mutual supervision and check mechanism for business activities with higher risk of dishonest behavior within the scope of business .
4. Promote and coordinate integrity policy promotion and training.
5. A Whistleblowing (reporting) system is in place to ensure effective enforcement. Contact point: 🔗Whistleblowing Policy。
6. Assist the board of directors and management in reviewing and evaluating the effectiveness of the preventive measures established for the implementation of integrity management, and regularly evaluate the compliance of the relevant business processes.