A Director must act honestly, in good faith and in the best interests of the Company as a whole.

A Director must bear in mind that, while acting as a Director of the Company, his or her primary object must be to serve the interests of the members of the Company as a whole but not the interests of any other persons or Directors or stakeholders or his own personal or commercial interests.

A Director must not make use of the information acquired as a Director to his gain or personal advantage or to cause any damage to the Company.

A Director must not take advantage of his position of Director to gain a personal advantage or to cause any damage to the Company.

A Director must have an open and independent mind at the Board/Committee meetings, listen to the debate on each issue, consider the points put forward for and against each issue and come to a decision that he or she believes, to be in the best interests of the Company.

An opportunity must be provided for a Director to put his or her views on issues before the Board/Committee on which he or she is a Member.

The Directors must treat each other with courtesy and observe the other rules in this Code.

The Directors should be able to engage in vigorous debate on matters of principle.

A Director must not disclose the content of discussion at Board/Committee meetings to any persons outside/within the Company unless it is essential or has been authorized by the Company, or is required by law.

A Director generally must not engage in conduct, or make any public statement likely to prejudice the Company's business or likely to harm, defame or otherwise bring discredit upon or denigrate the Company, fellow Directors or staff.

A Director may make such a statement only if the Director believes in good faith that it is in the best interests of the Company as a whole to make such a statement.

A Director shall not disclose any confidential information that are either provided or made available to the Directors by the Company nor shall use such confidential information for any purpose detrimental to the Company.

A Director has an obligation, at all times, to comply with the spirit, as well as the letter of the law and of the principles of this Code of Conduct and the Code of Conduct and Integrity policies framed by the Company from time to time.

A Director will comply with all applicable laws and regulations of all the relevant regulatory and other authorities as may be applicable to such Directors in their individual capacities.