Kazbarley LLP seeks to follow the strongest corporate governance practices. Such standards, we believe, are an essential requirement for both commercial integrity and performance, as well as a framework for administering the Company’s operations in a socially responsible manner. The company has created a corporate governance structure that complies with both Kazakhstan and international requirements. The General Meeting of Shareholders is Kazbarley LLP’s principal governing body. In addition to the Management Board, Board Committees, and System of Internal Control, the Corporate Governance System includes Audit Bodies and a Board of Directors. These organizations’ actions are governed by the Kazbarley LLP Charter, internal papers, and applicable Kazakhstan legislation.

Kazbarley LLP intends to follow the corporate governance principles outlined in the Central Bank of Russia’s recommended Corporate Governance Code (Information Letter No. 06-52/2463 dated 10 April 2014). The Company follows the Code’s guidelines while also offering its shareholders and investors extra opportunities to protect their legal rights and legitimate interests.

Furthermore, the company follows its own internal code of ethics, which was approved by the board of directors in 2023. (Minutes 133 of March 24, 2023). The Code, which was designed using moral and ethical criteria as well as professional standards, establishes broad norms and principles that regulate the behavior of members of the Board of Directors, Management Board, and Revision Commission, as well as Kazbarley LLP management and staff. The Code also sets the rules that govern interactions within the Company as well as between Kazbarley LLP and its shareholders, investors, partners, customers, suppliers, and other stakeholders.

The Kazbarley LLP Supplier Code of Conduct was implemented by the company in September 2020. Kazbarley LLP requires its suppliers to adhere to the Code’s values of sustainability, corporate ethics, and business transparency and honesty. Since its approval, Kazbarley LLP’s corporate governance has undergone annual diagnostics to ensure that it is in line with industry best practices. The diagnostics identify flaws in the governance system and make recommendations for improving governance within the organization. Furthermore, based on the results of the diagnostic, corporate governance reform initiatives are implemented to ensure compliance with worldwide best practices. Kazbarley LLP emphasizes the need of conforming to approved corporate governance norms. An increase in capitalization.

Kazbarley LLP’s corporate governance system helps the company to make informed decisions that benefit long-term growth and the interests of all shareholders. Kazbarley LLP follows both national corporate governance standards and international best practices for governance. Priorities in financial management assist the company in financing its production, investments, and social initiatives while maximizing the use of financial resources. Kazbarley LLP fully and promptly met and paid all of its financial obligations, including those relating to works and services, supplied items, taxes, and non-budgetary sources. Continued use of declarative (accelerated) method.