Whistleblowing

The purpose of this policy is to set guidelines for reporting any actions or practices relating to the Company that violate applicable rules and regulations, or cause suspicion in the financial statements, internal control systems, or other matters for the purpose of conducting necessary investigation. This policy also aims to encourage all who work for the Company to report in advance any violations, misconduct, fraud or money laundering activities that the company, its stakeholders or beneficiaries may be exposed to and to assure them that doing so is safe and acceptable and shall not subject them to any form of punishment as a result of reporting such violation, provided that the violation is reported in good faith and that the whistle-blowers has truthful and reasonable data related to the suspicion. Whistleblowing policy and procedures require Board members, CEO and employees to adhere to high standards of personal ethics, observe the rules of honesty and integrity and to abide by all applicable laws and regulations while performing their responsibilities and duties in order to establish and promote a culture of transparency in the company.