Anton has established a sound governance structure to standardize its business operations, and made continuous efforts to improve its risk management to safeguard the Company's stable and healthy development.

Governance Structure

Anton strictly observes laws and regulations, including the Company Law of the People's Republic of China, the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited as well as laws and regulations in countries where it operates. We have established a comprehensive corporate governance structure and enhanced our governance capabilities to optimize overall business operations.

Anton’s Governance Structure

We prioritize the independence and diversity of our Board. The varied professional backgrounds and extensive experience of our board directors ensure the provision of independent and expert advice from diverse perspectives on critical issues such as business strategies and risk management. The Nomination Committee conducts regular assessments of the Board Diversity Policy to ensure diversity within the Board. As of December 31, 2023, the Company has 7 board directors, among which there are 3 Executive Directors, 1 Non-executive Directors, and 3 Independent Non-executive Directors. In FY2023, we convened 10 Board meetings and committee meetings, and 1 general meetings.

As of December 31, 2023 Board directors 7     Executive Directors 3     Non-executive Directors 1     Independent Non-executive Directors 3


Business Compliance

Anton has improved its compliance management policies to establish a comprehensive compliance management system to regulate the overall business operation. To digitize the compliance management system, we have implemented online contract reviews, electronic seals, and intellectual property law management. We have refined contract review procedures, and conducted specialized audits and evaluations. These proactive measures ensure that the Company operates in strict accordance with laws and regulations. To promote awareness and proficiency in standardized operations among employees, the Company has established diverse training programs for employees at all levels. We are dedicated to promoting and implementing this crucial philosophy in daily work practices. In FY2023, the Company conducted a series of compliance-themed publicity campaigns focusing on compliant contract process control, authorized approval of external transactions, and proper use of company seals. As part of our commitment to enhancing employees' understanding of compliance and legal operations, we introduced online courses through Oil Mates and offline training sessions to provide comprehensive insights into the legal management system, the application of laws, and the significance of the Civil Code.

Risk Management

Sufficient and effective risk management and internal control serve as vital assurances for Anton's sustainable development. We have established a comprehensive risk management system that involves thorough investigations into both potential internal and external risks, continuous monitoring of major risks, and the implementation of control measures tailored to our operational needs. To enhance our risk control capabilities, we define key tasks for risk identification and control each year based on specific external macro-environmental factors, internal stakeholder feedback, and the Company's development and operations.

Anton has consistently implemented and enhanced its risk evaluation system, optimizing the self-examination and self-correction mechanisms. We conduct regular monitoring of various risks, with real-time warning and response capabilities, and introduce quarterly risk evaluations across all units to gather, analyze, and summarize results. These efforts result in the formulation of quarterly risk evaluation summary reports to guide strategic and targeted measures. Additionally, we have established an audit supervision and comment letter mechanism to leverage the supervisory role of audits in swiftly identifying and addressing problems and risks as they arise.