As the WTE business is highly capit

As the WTE business is highly capital intensive and returns are generated over the long term, ABC places significant emphasis on risk management for the processes of financing, operation, strategy and compliance to ensure long-term, steady growth is achieved for the business. To facilitate the process of risk management, we adopted the Committee of Sponsoring Organisations of the Treadway Commission Enterprise Risk Management Integrated framework ("COSO ERM Integrated framework") by formalising the Risk Management Team amongst management, report to and oversight by the Board, identifying risk owners on the corporate and operational levels within the Group, creating awareness among risk owners, and conducting risk assessment exercises. Once the risk events have been identified and ranked, implementation of risk mitigation strategies will be imposed on those ranked at the "top-tier risk" category. After the execution of risk mitigation strategies, internal assessment on the effectiveness of risk mitigation implementation will be conducted as a mechanism to reevaluate the effectiveness of the existing risk mitigation strategies, as well as to recommend additional steps to assess, mitigate, and report on the impact of residual risks on an ongoing basis.