The Board of Directors of CBL International Limited attaches important attention to the high standards of corporate governance that the Company’s employees, executive officers and directors will have to comply with.  The Board of Directors is responsible to act as a prudent fiduciary for the shareholders to manage the business of the Company in accordance with the procedures and standards as set forth in these guidelines.  These guidelines are to be modified from time to time for the best interest of the Company or as it is so required by any applicable laws and/or regulations.

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