Enterprise Risk Management Policy

EASY BUY PLC is fully aware of the importance of risk management. Risk management is recognized as an integral part of the business of the Company. The Board of Directors has established the Enterprise Risk Management Policy (the Policy) which is applicable to all activities of the Company so as to provide reasonable assurance regarding the achievement of the Company’s business objectives. Risk Management Committee is appointed to implement risk management framework and oversight of the Enterprise Risk Management under the leadership of Chief Executive Officer (CEO), to set up a system of risk management to cover the entire company and to establish a risk-aware culture across the Company.

The concept of our Enterprise Risk Management is based on the Enterprise Risk Management - Integrated Framework of the Committee of Sponsoring Organizations of the Treadway Commission (COSO), which is international standard as a guideline for the risk management implementation. We identify 9 types of risk, which are systematically managed through the Risk Management Committee and each Department. It is the responsibility of all units to manage risk in accordance with the Policy. In addition, EASY BUY PLC has established a system for communicating and reporting risk management to the Board of Directors and the Audit Committee so as to review and improve the risk management system in a regular and timely manner.