Corporate Governance Overview

VSO upholds the core philosophy of sustainable and integrated operation. VSO is committed to maintaining high standards of corporate governance principles and has an effective corporate governance structure in place, with a sound director selection system and fair, impartial and open selection procedures for all directors. VSO has carefully considered the allocation and diversity criteria of the Board of Directors, and has set up relevant functional committees and an independent auditing unit to conduct effective supervision and management to ensure fair treatment of all stakeholders and safeguard shareholders' rights and interests. In response to international development trends, VSO has set up the Corporate Governance and Sustainable Development Committee (ESG Committee) to formulate short, medium, and long-term goals in conjunction with the sustainability strategies, and reports regularly to the Board of Directors on its implementation every year to ascertain the sustainable development of the Company.