Conflict of Interest

All employees and officers of the Company must avoid any conflict between their own interests and the interest of the Company. This includes transaction in securities of the Company, any affiliate, or any non-affiliated organization, in dealing with suppliers, customers and other third parties.

Employees are required to declare to the Management immediately under any of the following circumstances:

• Any immediate relationship with the Director or the CEO.
• Any ownership interest (either direct or indirect) in any supplier, customer or competitor of the Company, unless it is in a listed company for investment purposes only.
• Any direct reporting relationships between an employee and his immediate family members, any ownership interest in any supplier, customer and other third parties.
• Any representation as an officer, director, partner, consultant, representative, agent or advisor of a supplier, customer, or competitor of the Company, including if acting as a Company’s nominee Director on the Board of the supplier, customer or other business associate.