The Board of Directors (the “Board”) of V.S. Industry Berhad(“VSI” or “the Company”) is committed to the implementation and maintenance of high standards of corporate governance practices throughout VSI and its subsidiaries (“the Group”) as a fundamental part of its responsibilities in managing its business affairs so as to promote business prosperity and long term sustainable growth. The Board believes that a robust corporate governance framework is essential to realise long term shareholders’ value and protect the interests of all stakeholders as well as the assets of the Group.