General Business Principles

 Laws and regulation

 VCST is committed to conduct its business in full compliance with applicable law, rules and regulations in all countries where we compete. Our employees will not engage in unfair or illegal trade practices or violate the laws of the jurisdictions in which we conduct business. Our employees will respect and act in a manner sensitive to the culture and society of the countries in which we operate, as well as the communities and environment where we conduct business.

 Business Processes

Strong Business Processes lead to a more effective system of governance. The Management defines and documents, within its overall corporate plan, a strategy that eventually will lead to superior performance, quality products, world-class management practices and enhanced value to our shareholders. Utilizing cross-functional teams, VCST is implementing continuous improvement programs throughout the entire organization.

 Accounting and reporting

All financial transactions by the Company must be reported in accordance with generally accepted accounting practices, and accounting records must show the nature of all transactions in a correct and non-misleading way.

 Conflicts of interest

All VCST employees must avoid personal interests or financial activities that conflict, or appear to conflict with the interests of the organization.Our company doesn’t allow employees to accept payments, gifts or other kinds of compensations from a third party that could affect or appear to affect their objectivity in their business decisions. Dealings with our business partners are characterized by fairness.