Risk Management and Strategy

Our company recognizes the critical importance of addressing cybersecurity threats and managing associated risks. As part of our risk management strategy, our Board of Directors actively oversees and reviews our strategic direction, considering our risk profile and exposure.

Given that our day-to-day operations involve a limited number of individuals, we rely on technology systems operated and managed by third parties. We have established agreements with these third parties for hardware, software, telecommunications, and other information technology services essential to our business operations. Additionally, we collaborate with third-party business partners and operators who have their own cybersecurity risk management procedures and tools. Our entire Board of Directors with our senior officers monitor cybersecurity readiness

As of the date of this filing, we are not aware of any cybersecurity threats that have materially affected our business. However, we acknowledge the evolving nature of cybersecurity threats and remain committed to enhancing our protective measures as needed.

For more detailed information about the specific cybersecurity risks our company faces, please refer to the risk factor titled “Our business is subject to cybersecurity risks” in Item IA. Risk Factors of this Form 10-K.