Item 1B. Unresolved Staff Comments
ITEM 1B.
UNRESOLVED STAFF COMMENTS.
None.
ITEM 1C
CYBERSECURITY.
Risk and Strategy Management
We
recognize the importance of identifying, assessing and managing material risks associated with cybersecurity threats, as such term is
defined in Item 106(a) of Regulation S-K. These risks include, among other things: operational risks, intellectual property theft, fraud,
extortion, harm to employees or customers and violation of data privacy or security laws.
Identifying and assessing
cybersecurity risk is integrated into our overall risk management systems and processes. Cybersecurity risks related to our business,
technical operations, privacy and compliance issues are identified and addressed through a multi-faceted approach including third party
assessments, internal IT controls, governance, risk and compliance reviews.
We
describe whether and how risks from cybersecurity threats are reasonably likely to materially affect us, including our results of operations
and financial condition, under the heading “ Cyber-attacks or other breaches of information technology security could adversely
impact our business and operations. ” in Item 1A, “ Risk Factors ” of Part I of this report.
We
believe we maintain an information technology and cybersecurity program appropriate for a company our size, taking into account our operations
and risks. We are committed to cybersecurity and vigilantly protecting all our resources and information from unauthorized access. Our
cybersecurity approach incorporates an employee policy, external resources to manage and monitor the evolving threat landscape, effective
board oversight of cybersecurity risks and knowledgeable teams responsible for preventing and detecting cybersecurity risks.
Management and
Board Oversight
Our
Audit Committee is responsible for overseeing cybersecurity risks and updates our Board of Directors on cybersecurity matters as needed.
The Audit Committee receives periodic updates from management regarding cybersecurity matters and is notified as promptly as practicable
of significant new cybersecurity threats or incidents.
Management
is responsible for the operational oversight of the company-wide cybersecurity strategy, policy, and standards across relevant departments
to assess and help prepare us to address cybersecurity risks.
Cybersecurity Risks
As
of December 31, 2024, we are not aware of any cybersecurity threats, including as a result of any previous cybersecurity incidents that
have materially affected the business strategy, results of operations or financial condition of the Company or are reasonably likely to
have such a material effect. However, any future potential risks from cybersecurity threats, including but not limited to exploitation
of vulnerabilities, ransomware, unauthorized transactions, or other similar threats may materially affect us, including our execution
of business strategy, reputation, results of operations and/or financial condition.
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