For the operations in the Chinese Region a new sub

For the operations in the Chinese Region a new subsidiary company called EWS-China Ltd has been established to bring forward the previous contract and close new partnerships. An Executive Committee -- together with executive specialists leading the efforts for each affiliate -- will provide governance for the operations with the commitment to be compliant from day one. Regular reporting, US GAAP accounting, proper financial controls, and full managerial responsibility provide the guidelines for the agreements to follow. All contracts -- either already existing or those that will be entered into in the future -- will be based on the review of financials by auditors in order to achieve the consolidation of balance's results.