1. The Board may form one or more committees, from its members, or any third party, provided that the majority of any committee’s members shall be members of the Board. The Board may assign any of its authorities to the formed committee(s) or entrust formed committee(s) to monitor the Company’s progress and execution of Board resolutions. Committees shall be formed in accordance with the procedures set by the Board, which shall include specifying the assignments of each committee, its term, the authorities granted thereto and the compensation package of its members.

2. Among the committees that the Board may form, without limitation, “nomination and remuneration committee”, “audit committee”, in addition to any other committee created by the Board to support the Board’s duties, or as required by applicable laws and regulations. Each committee shall carry out its duties according to the committee’s own charter as approved by the Board.