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DIRECTORS AND SENIOR MANAGEMENT

The Board of Directors (the “Board”) and the senior management of Pasupati Acrylon Limited subscribe to the following Code of Conduct adopted by the Board. They would:

1. use due care and diligence in performing their duties of office and in exercising their powers attached to that office;
2. act honestly and use their powers of office, in good faith and in the best interests of Pasupati Acrylon Limited as a whole;
3. not making improper use of information nor take improper advantage of their position as a Director;
4. not allow personal interests to conflict with the interest of Pasupati Acrylon Limited;
5. recognise that their primary responsibility is to Pasupati Acrylon Limited’ shareholders as a whole but they should (where appropriate) have regard for the interests of all stakeholders of Pasupati Acrylon Limited;
6. not engage in conduct likely to bring discredit upon Pasupati Acrylon Limited; and
7. be independent in judgement and actions, and to take all reasonable steps to be satisfied as to the soundness of all decisions taken by the Board of Directors;
8. ensure the confidentiality of information they receive whilst being in office of Director and is only disclosed if authorized by the company, or the person whom the information is provided, or as required by law.

Besides, the Code of Conduct for insider trading of Pasupati Acrylon Limited apply to Directors and executives in senior management.