Remuneration Committee has the following duties and responsibilities:

1. Ensuring that the Company has a transparent remuneration system;
   
2. Assisting the Board of Commissioners in formulating and determining remuneration policies for the Company and if deemed necessary to be proposed at GMS;
   
3. Evaluating employee reward system, benefits and other facilities;
   
4. Developing selection criteria and nomination procedures for the Members of the Board of Commissioners, and other Executive Officers in the Company;
   
5. Creating an evaluation system and providing recommendations regarding the required numbers of Directors and Commissioners;
   
6. Recommending or proposing qualified candidates for members of the Board of Directors and/or members of the Board of Commissioners to the Board of Commissioners to be submitted at GMS; and
   
7. Providing recommendations to the Board of Commissioners regarding Independent Parties who shall be members of the committees under the Board of Commissioners