The Board is committed to maintaining good corporate governance to enhance and safeguard the interest of its shareholders. This report, extracted from our Annual Report 2019, describes the corporate governance framework and practices of the Company with reference to the principles and provisions of the Code of Corporate Governance 2018 (the “Code”) and the accompanying Practice Guidance to the Code for the financial year ended 31 December 2019 (“FY2019”). Explanations are provided where there are deviations from the Code. The Company has complied with the principles and provisions of the Code where appropriate.