Item 1B. Unresolved Staff Comments
ITEM 1B.
UNRESOLVED STAFF COMMENTS
None.
29
ITEM 1C.
CYBERSECURITY
Cybersecurity
Risk Management
Our management oversees the assessment and management of cybersecurity
threats and regularly considers cybersecurity risks in the context of other material risks to the Company. In the event of any reportable
cybersecurity incident, our management shall promptly notify our board of directors, including determining the necessary actions such
as disclosure, mitigation, or other appropriate responses. We obtain input, as appropriate, for our cybersecurity risk management program
on the security industry and threat trends from external experts. During the reporting period, we have not experienced any material cybersecurity
incidents, which would require disclosure.
In the course of our business operations, we collect,
store, and process data, including information related to our employees, partners, collaborators, and vendors. To effectively manage cybersecurity
risks, we have established a range of policies and procedures designed to prevent, detect, and respond to potential threats. Our Chief
Executive Officer manages our external IT and cybersecurity experts. Under the CEO’s direction, we work with trusted third-party
information technology “IT” professionals who employ a variety of software tools to ensure the security of our systems. Additionally,
we rely on reputable cybersecurity software vendors to further enhance our protection.
The Company takes steps to manage cybersecurity risks by identifying,
assessing, and addressing potential threats to our data and systems, ensuring our security measures are effective. We continuously monitor
for cybersecurity risks using automated tools, test for potential threats, and maintain standards, policies, and procedures to guide our
security practices. We use a variety of security tools across our systems, require multifactor authentication for access to critical systems,
and enforce access control policies to help protect the data within those systems.
We consult with outside counsel as appropriate, including on materiality
analysis and disclosure matters, and our senior management makes the final materiality determinations and disclosure and other compliance
decisions. Our management apprises our independent public accounting firm of matters and any relevant developments.
Our business strategy, results of operations and financial condition
have not been materially affected by risks from cybersecurity threats, but we cannot provide assurance that they will not be materially
affected in the future by such risks or any future material incidents. For more information on our cybersecurity related risks, see Item
1A Risk Factors of this Annual Report on Form 10-K.
Governance
The Audit Committee has oversight responsibility
for risks and incidents relating to cybersecurity threats, including compliance with disclosure requirements, cooperation with law enforcement,
and related effects on financial and other risks, and it reports any findings and recommendations, as appropriate, to the full Board
for consideration.