Goverence

Goverence

Foundation Biotech Limted is a biotechnology company with corporate governance as an important core value. We are committed to establishing a sound, transparent, responsible and efficient corporate governance system to achieve long-term stable operations and sustainable development. Our corporate governance objectives are as follows:

Roles and Responsibilities of Board of Directors

Ensure that the board of directors performs its supervisory and decision-making functions and fulfills its responsibilities to the company's shareholders. Board members will provide guidance and leadership for the long-term interests and sustainable development of the company based on their professional knowledge and experience. We will establish an effective board structure, ensure the independence and diversity of board members, and provide necessary training and support.

Transparency and Disclosure

Transparency is the basis for building a trusting relationship. We will abide by laws, regulations and relevant regulations and publicly disclose the company's financial status, business operations, risk management and governance structure and other information to provide shareholders and stakeholders with the opportunity to fully understand the company. Ensure timely and accurate disclosure of important information to shareholders and stakeholders.

Efficient Internal Controls

Develop clear policies and procedures, establish effective audit mechanisms, and implement risk assessment and management measures. This will help prevent and mitigate risks that could negatively impact the company's operations and reputation. Establish a sound internal control mechanism to ensure effective management of the company's resources and risk control.

Compliance and Ethical Standards

We have established a comprehensive compliance mechanism, including formulating and implementing internal control policies, establishing enforcement discipline and supervision mechanisms, and conducting internal audits and compliance training. We will strictly require company employees to abide by ethical standards, ensure fairness, integrity and transparency in the company's operations, and always comply with laws, regulations and ethical standards.