Extract to table

However, as a newly listed company, the Company is entitled to the following phase-in provisions: (i) At the time of listing, at least one independent director must serve on each of the Audit Committee, Compensation Committee, and Nominating and Corporate Governance Committee

(ii) Within 90 days of listing, a majority of the members of each committee must be independent

(iii) Within one year of listing, each committee must be composed entirely of independent directors

(iv) Within one year of listing, a majority of the full Board must consist of independent directors

At the time of listing, at least one member of the Audit Committee is required to be independent under Section 303A

A majority of the Audit Committee members must be independent within 90 days of listing, and the Audit Committee must be fully independent within one year of listing