Responsibility for Pacific Basin's sustainability rests with our Board who in January 2024 elevated its delegated board-level oversight of sustainability from the Audit Committee to a dedicated new Sustainability Committee. In line with best practice, this is facilitating greater board-level bandwidth to ESG matters, while also freeing up time in board and audit committee meetings for other business. [...] Management and a dedicated sustainability team are supported by a Sustainability Management Committee in coordinating and enhancing our approach to sustainable business practices and investments, in ensuring compliance with growing ESG requirements for companies engaged in shipping and listed on the Hong Kong Stock Exchange, and to better integrate more precise and deliberate sustainability thinking into our culture and every aspect of our business. [...] We believe our enhanced sustainability governance structure will further improve the effectiveness of our approach to sustainable practices and development, the resilience and reputation of our business, and the confidence our stakeholders place in us.