Sustainability and Governance Report
[Corporate GOVERNANCE
The Company communicates pertinent information to its shareholders on a regular and timely basis through:
•
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the Company's annual reports that are prepared and issued to all shareholders. The Board makes every effort to ensure that the annual report includes all relevant information
about the Group and other disclosures required by the Companies Act and the Singapore Financial Reporting Standards;
quarterly financial statements containing a summary of the financial information and affairs of the Group for the period. These are issued via SGXNET onto the SGX website;
. notices of and explanatory memoranda for AGMs and extraordinary general meetings; and
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disclosure to the SGX-ST and press releases on major development of the Group.
The Board takes note that there should be separate resolution at general meetings on each substantially separate issue and supports the Code's principle as regards "bundling" of
resolutions. The Board will provide reasons and material implications where resolutions are interlinked.
A copy of the Notice of Annual General Meeting ("AGM") and Annual Report are despatched to every shareholder of the Company at least 14 clear days before the meeting.
The Notice is also advertised in the newspapers and made available on the SGX website. During the AGM, shareholders are given opportunities to speak and seek clarifications
concerning the Company and its operations.
The Chairmen of the Audit, Remuneration and Nominating Committees are in attendance at the Company's AGM to address the shareholders' questions relating to the work of these
Committees. The Company's external auditors are also invited to attend the AGM and are available to assist the directors in addressing any relevant queries by the shareholders
relating to the conduct of the audit and the preparation and content of their auditors' report.
In compliance with the requirements of the Listing Rules of the Singapore Exchange Securities Trading Limited, all resolutions are put to the vote by poll at the general meeting of
the Company.
The proceedings of the annual general meeting and extraordinary general meeting (if any) are properly recorded, including all comments or queries raised by Shareholders relating
to the agenda of the meeting and responses from the Board and Management. All minutes of general meetings are available to Shareholders upon their request.
Dividend Policy
The Company's dividend policy endeavours to balance dividend return to shareholders with the need for long-term sustainable growth whilst aiming for an efficient capital structure.
The Company strives to provide shareholders on an annual basis with a consistent and sustainable ordinary dividend, with a variable special dividend based on cash position,
working capital, expenditure plans, acquisition opportunities and market environment.
Any payouts are communicated to shareholders via announcement on SGX Net when the Company discloses its financial results.
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