China Pan Holdings believes that effective corporate governance practices are an essential element for protecting the rights and interests of shareholders and other stakeholders and enhancing shareholder value, and is therefore committed to achieving and maintaining a high level of corporate governance that best meets our needs and interests. To this end, we adopt and apply a comprehensive set of corporate governance principles, which emphasize the need for an excellent board of directors, effective internal controls, strict disclosure practices, and transparency and accountability. Furthermore, we are continuously improving these practices and cultivating a highly ethical corporate culture.