Introduction
The Company recognises the importance of adhering to sound governance practices and processes to establish and maintain a high standard of corporate governance and transparency, and in turn to enhance shareholder value and preserving the interests of all shareholders and stakeholders. To that end, the Company is committed to upholding the standards set out in the Code of Corporate Governance 2018 (the “Code”) issued by the Monetary Authority of Singapore on 6 August 2018. The Board is pleased to present this Corporate Governance Report which outlines the Company’s corporate governance practices for the financial year ended 30 June 2024 (“FY2024”) with specific reference made to the principles and provisions of the Code and accompanying Practice Guidance issued on 6 August 2018 and updated as of 14 December 2023 (“Practice Guidance”), which forms part of the continuing obligations of the Listing Manual of the Mainboard (“Listing Manual”) of the Singapore Exchange Securities Trading Limited (“SGX-ST”). The Company has complied in all material aspects with the principles and guidelines set out in the Code and has explained its position if not, in accordance with the “comply or explain” requirement as laid down in the Code. Minimal adjustments to the Group’s corporate governance practices and processes should be expected as its commitment to sound corporate governance has already ensured significant compliance with the Code.
This report should be read as a whole as other sections of this Report may also have an impact on the specific disclosures made in this report.
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