Sustainability and Governance Report

[Corporate GOVERNANCE Principle 8: Disclosure on Remuneration The Company is transparent on its remuneration policies, level and mix of remuneration, the procedures for setting remuneration, and the relationships between remuneration, performance and value creation. The Executive Directors do not receive director's fee. The three Executive Directors have each entered into service agreements with the Company and their compensation consists of their salary, bonus and benefits. The Board will on an annual basis, submit a proposal for Directors' Fees as a lump sum for shareholders' approval. The sum to be paid to each of the Independent directors shall be determined by his contribution to the Company, taking into account factors such as efforts and time spent as well as his responsibilities on the Board. Generally, directors who undertake additional duties as chairman and/or members of the Board Committees will receive higher fees because of their additional responsibilities. The Board will be recommending proposed Directors' Fees amounting to S$104,500/-for the financial year ended 31 March 2020 (31 March 2019: S$104,500/-). For competitive reasons, the Company is not disclosing each individual director's remuneration. Instead, the band of remuneration is disclosed in Note 27(b) to the financial statements. The following table sets out the names of Directors whose remuneration bands fell (i) within and below S$250,000; and (ii) between S$250,000 and S$499,999 for the financial year ended 31 March 2020, together with a breakdown (in percentage terms) of each directors' remuneration earned through base/fixed salary, variable or performance related income/ bonuses, and director fees/attendance fees proposed to be paid to each Director subject to the approval of shareholders at the AGM: Below S$250,000 Percentage (%) Remuneration earned through: Between S$250,000 and S$499,999 Percentage (%) Remuneration earned through: Goh Ching Wah Goh Ching Lai Goh Ching Huat Wang King Kheng Anthony Clifford Brown Heng Su-Ling, Mae Base/ fixed salary Variable or performance related income/ bonuses 100 18 Director Base/ Fees/ fixed Variable or performance Attendance salary related Fees income/ bonuses 55 45 55 45 100 100 100 Director Fees/ Attendance Fees

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