These Regulations are adopted Securities and Exchange Act and Regulations Governing the Exercise of Powers by Audit Committees of Public Companies.

The Audit Committee assists the Board of Directors in reviewing the Company’s financial statements, internal control systems, significant transactions involving assets or derivatives, the engagement of independent auditors, and the appointment or dismissal of the heads of finance, accounting, and internal audit functions, as well as other material matters as required by the Company or applicable regulations. The Committee thereby helps ensure that the Company’s operations are conducted in compliance with relevant laws, regulations, and accepted business practices.