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Dividend Policy
The Company does not have
a formal dividend policy. In its
evaluation and recommendation
of dividends, the Board will take
into account the Company’s
operating performance, general
financial condition, capital
requirements, cash flow and
other factors as the Directors
may deem appropriate.
Principle 16:
Conduct of Shareholder
Meetings
The Board supports and
encourages active shareholder
participation at general meetings.
The Company’s Constitution
allows all shareholders to appoint
up to two proxies to attend and
vote on his/her behalf and a
proxy need not be a member
of the Company. Voting in
absentia by mail, email or fax
has not been implemented due
to concerns relating to issues of
authentication of shareholder
identity information and other
related security issues.
The Company’s principal forum
of dialogue with shareholders
takes place at its general
meetings. At these meetings,
shareholders are given the
opportunity to express their
views and ask questions
regarding the Company and
the Group. The Directors, in
particular the Chairman of the
Board and Chairpersons of Board
Committees and Management
are available to answer any
question or concerns regarding
the Company.
The Company maintains minutes
of general meetings including
substantive comments or queries
from shareholders relating to the
meeting agenda and responses
from the Board members. These
minutes will be available to
shareholders upon their request.
The Company ensures that
every matter requiring approval
is proposed as a separate
resolution.
Since 2016, the Company has
conducted electronic poll voting
at shareholders’ meetings for
greater transparency in the
voting process. The results
of each resolution including
the number of votes for, or
against each resolution are
instantaneously displayed at the
meeting and announced after the
meetings via SGXNet.
DEALINGS IN SECURITIES
The Group has put in place
a policy on dealings in the
securities of the Company
by the Directors, officers and
employees of the Company and
its subsidiaries. The Group issues
quarterly reminders to Directors,
officers and employees on the
restrictions in dealings in shares
of the Company during the
period commencing two weeks
before the announcement of the
Company’s financial results for
each of the first three quarters of
its financial year; and one month
before the announcement of
the Company’s full year financial
results, and ending on the date
of the announcement of the
relevant results. Directors and
officers are also reminded not
to trade in securities of the
Company at any time while
in possession of unpublished
price sensitive information and
to refrain from dealing in the
Company’s securities on short-
term considerations.
The Directors and Management
are expected to observe the
insider trading laws at all times
when dealing in securities within
permitted trading period.
ADDITIONAL INFORMATION
Interested Person Transactions
Policy
The Company monitors all its
interested person transaction
closely and all interested person
transactions are subject to review
by the AC.
There were no interested
person transactions conducted
during the year which exceeds
S$100,000 in value.
The Group does not have
a general mandate from
shareholders for interested
person transactions.
MATERIAL CONTRACTS
There were no material
contracts of the Company
and its subsidiaries involving
the interests of the CEO,
each Director or controlling
shareholder, either still subsisting
at the end of the financial year
or if not then subsisting, entered
into since the end of the previous
financial year.
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