ANNUAL REPORT 2024
TOGETHER IN BELIEF, LEADING IN INNOVATION
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(B) D
Responsibilities of the Board
(P) A
Rights and Equitable Treatment of shareholders
(P) A.5 Capital structures and arrangements that enable certain shareholders to obtain a degree of control disproportionate to their equity ownership should be disclosed.
(B) D.6 Board Performance
(B) D.6.1 Does the company have a separate board level Risk Committee?
The Company does not have a dedicated risk management committee. Instead, it applies the "three lines of defense" model for risk management. The BOD holds primary responsibility for overseeing risk management.
(P) A.5.1
The current structure resembles a pyramid model with the Chairman of the BOD and individuals affiliated with them.
Is a pyramid ownership structure and/ or cross holding structure apparent?
(P) A.6 Insider trading and abusive self-dealing should be prohibited.
(P) A.6.1
Has there been any conviction of insider trading involving directors/commissioners, management and employees in the past three years?
This situation has not occurred.
LEVEL 2 - PENALTY
An Cuong's implementation
Notes/ Ongoing Inititative
(P) A.7 Protecting minority shareholders from abusive action
No.
Criteria
Evaluation Criteria for 2024
2023 2024
(P) A.7.1
Has there been any cases of non compliance with the laws, rules and regulations pertaining to material related party transactions in the past three years? Were there any RPTs that can be classified as financial assistance (i.e not conducted at arms length) to entities other than wholly-owned subsidiary companies?
This situation has not occurred.
(P) A
Rights and Equitable Treatment of shareholders
(P) A.7.2
This situation has not occurred.
Basic shareholder rights
(P) A.1
(P) A.1.1
Did the company fail or neglect to offer equal treatment for share repurchases to all shareholders?
This situation has not occurred.
(P) B.1 The rights of stakeholders that are established by law or through mutual agreements are to be respected
(P) A.2 Shareholders, including institutional shareholders, should be allowed to consult with each other on issues concerning their basic shareholder rights as defined in the Principles, subject to exceptions to prevent abuse.
(P) B.1.1
Have there been any violations of any laws pertaining to labour/employment/ consumer/insolvency/ commercial/competition or environmental issues?
This situation has not occurred.
(P) A.2.1
The Company's Charter and Governance Regulations impose no restrictions on shareholders communicating with one another.
Is there evidence of barriers that prevent shareholders from communicating or consulting with other shareholders?
(P) B.2 Where stakeholders participate in the corporate governance process, they should have access to relevant, sufficient and reliable information on a timely and regular basis.
(P) A.3 Right to participate effectively in and vote in general shareholders meeting and should be informed of the rules, including voting procedures, that govern general shareholders meeting.
(P) B.2.1
The Company has been complying with regulations regarding information disclosure and has not faced any violations or penalties from regulatory agencies The company does not engage in greenwashing activities.
Has the company faced any sanctions by regulators for failure to make announcements within the requisite time period for material events? Is there any evidence that the company is engaging in greenwashing activities?
(P) A.3.1
Any additional information included in the agenda is notified to shareholders in advance.
Did the company include any additional and unannounced agenda item into the notice of AGM/EGM? Was the Chairman of the Board and the Chairmen of all Board Committees and the CEO absent from the most recent General Meeting?
(P) B.2.2
(P) A.3.2
The Chairman of the BOD, the Head of the Supervisory Board, and the General Director attended the 2024 AGM. Their attendance was documented in the meeting minutes, which were disclosed in accordance with regulations.
(P) C Disclosure and transparency
(P) A.4 Capital structures and arrangements that enable certain shareholders to obtain a degree of control disproportionate to their equity ownership should be disclosed
(P) C.1.1
Unqualified opinion
Did the company receive a "qualified opinion" in its external audit report? Did the company receive an "adverse opinion" in its external audit report? Did the company receive a "disclaimer opinion" in its external audit report? Did the company amend its financial statements for reasons other than changes in accounting policies?
(P) C.1.2
Unqualified opinion
(P) A.4.1
The law does not prohibit shareholders from making agreements with one another. The Company encourages shareholders to disclose such agreements within the framework of legal permissions.
Did the company fail to disclose the existence of Shareholders agreement?
(P) C.1.3
Unqualified opinion
(P) C.1.4
The Company has made retrospective adjustments to certain financial data for specific indicators in the financial statements.
(P) A.4.2
Did the company fail to disclose the existence of voting cap? Did the company fail to disclose the existence of multiple voting rights?
This limitation does not exist.
(P) A.4.3
The Company does not have preferred voting shares.
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