Director's Speech

It gives me great pleasure to use this opportunity to say a few words about our Company's commitment to the highest ethical standards.

Noble Elevators's business ventures are inseparable from, and always supported by, our vision. These principles reflect our commitment to hold ourselves to the highest ethical standards and never to pursue business interests at the expense of our core values..

The importance of both individual and collective responsibility achieving these goals cannot be overstated. We must do more than merely meet compliance requirements; we must look to our core values as a guiding beacon in a stormy sea. Noble Elevators enjoys market respect and our reputation is our most valuable asset.

I strongly urge all directors, officers and employees to study this core values, to work and act in strict compliance with the highest principles of business ethics and to always remember our vision.

SHITAL P. SHAH

Managing Director

VASUDEV R. KHANAL

Managing Director