In 2023, WT set up the Sustainable Development Committee to combine sustainable development management capabilities and coordinate corporate risk management. The Committee comprises two functional groups, Sustainable Development Team and Risk Management Team, and takes the operating mechanism over from the Risk Management Committee that it replaced. The Committee is currently made of five members: the Chairman, one Director and three Independent Directors. The Risk Management Committee had one meeting in 2023 before presenting the risk management operation status to the Board. Starting from 2024, the Sustainable Development Committee will also meet regularly every year and report the risk management operation status to the Board. The Committee may also meet whenever necessary. Each of its functional groups is responsible for the actual implementation of risk analysis, improvement and tracking.
The Risk Management Team is designated to implement risk management. It is mainly responsible for executing overall risk management within WT, formulating risk management policies, structures and mechanisms, establishing qualitative and quantitative management standards, and reporting the risk management implementation status and results to the Sustainable Development Committee.
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In order to ensure the confidentiality, integrity and a
In 2023, WT set up the Sustainable Development Committe