In light of the Board of Directors' approval to transition to the Main Market on October 15, 2023 AD, the company wishes to inform stakeholders about the republication of the Board of Directors' report for the fiscal year 2022 AD. This updated report incorporates additional details that were not present in the previous release. The key enhancements are as follows:
1. Governance Policies and Regulations:
The report now provides clarification on the company's application of specific articles related to governance policies and regulations. These details were not included in the initial report as they were implemented in the fourth quarter of 2023.
2. Remuneration Table Amendment:
The remuneration table for the five senior executives who received the highest remuneration from the company has been amended. The revised table now provides a detailed breakdown of individual components, rather than presenting a total figure.
3. Additional Disclosures and Clarifications:
The updated report includes additional disclosures and clarifications to ensure comprehensive transparency. This encompasses:
- Details on the controls used to determine bonuses and end-of-service bonus allocations.
- A thorough review of the independence status of board members and identification of cases of conflicts of interest.
- In-depth insights into certain risks and financial indicators relevant to the company's operations.
The company affirms that the republished report complies with the information required under the relevant laws and regulations. Stakeholders are encouraged to review the updated document for a more comprehensive understanding of the company's governance practices, executive remuneration structure, and additional disclosures that contribute to a transparent and accountable reporting framework. This commitment to disclosure aligns with the company's dedication to upholding the highest standards of corporate governance and financial transparency as it progresses toward listing on the Main Market.
