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Bio-Work Technologies’ corporation is governed by the Swedish Companies Act (Sw. aktiebolagslagen (2005:551)), the Swedish Annual Accounts Act (Sw. årsredovisningslagen (1995:1554)) and other applicable laws and regulations, the Company’s articles of association and internal policy documents. The internal policy documents include first and foremost the rules of procedure for the board of directors, instructions for the CEO and instructions for financial reporting. Furthermore, Bio-Works Technologies has a number of policy documents and manuals containing rules and recommendations providing guidance in the Company’s business operations and for its employees.