Business Sectors' Governance

Each business sector will have a Board of Directors (“Business Sector Board” or “BSB”). The authority of each sector will be set out in each Business Sector’s Board Charter. In addition, this Charter shall include:

• Board Roles and Director Duties,
• Board Composition and Committee Structure,
• Board Working Procedure.

The Group Board will maintain oversight on the key matters of strategy, risk management, financial reporting, and audit.

The policies of Shwe Taung Group will be the policies of each business sector. Business sectors will embrace the core values of the Group.

The governance standards adopted by the Group will be the governance standards of each business sector.

Each business sector will adopt the Group master brand standard.