Group Overview Operation and Financial Review Financials Sustainability and Governance Other Information 49 Annual Report 2025 Corporate Governance The Company regularly communicates important corporate developments and announcements, such as mergers and acquisitions, to analysts and shareholders through meetings and conference calls. The Management also engages the investing community either individually or as a group in dialogues, roadshows and investment forums to facilitate its understanding of the Company’s business model and strategies. The Company is committed to communicating regularly with its shareholders. It also conducts meetings and conference calls to engage with analysts and shareholders, and to share its business strategies, operational and financial results and business outlook with them. These engagements are attended by representatives of the Board and Management. The Company publishes an annual Sustainability Report, which describes in detail its engagement and relationship with material stakeholders. The Company also communicates regularly with stakeholders through its corporate website. Dividend Policy The Company is committed to rewarding shareholders fairly and sustainably. The Board aims to maintain a balance between meeting the shareholders’ expectations for dividend returns and capital management. While it does not have a formal dividend policy, the frequency and amount of dividends, if any, will depend on the Group’s financial performance, liquidity and cash flow generation, projected capital requirements for business growth, business prospects, economic outlook and other factors the Board deems appropriate, ensuring the Company’s best interests are served. The Board endeavours to maintain a balance between meeting shareholders’ expectations and prudent capital management. For the financial year ended 31 December 2025, the Board has proposed a first and final dividend of S$0.012 per ordinary share, subject to shareholders’ approval at the forthcoming AGM. Conduct of Annual General Meetings The shareholders are encouraged to actively participate at the AGM. Notice of the AGM and related information are provided to the shareholders within the prescribed timeline under the SGX-ST Listing Manual. The Company provides separate resolutions for every item in the AGM agenda, and where necessary, additional explanatory notes for each agenda item. The Company’s forthcoming AGM will be held in person in April 2026. During the AGM, the CEO will present the Company’s performance and strategies. The Board members and Management will be present to address queries from the shareholders. The external auditor will also attend the AGM to address questions regarding the audit report. All shareholders are entitled to attend and vote at the AGM either in person or by proxy. Each shareholder may appoint up to two proxies by submitting the proxy forms to the Company in advance. Intermediaries, such as banks and capital markets services licence holders providing custodial services, may appoint more than two proxies. This allows indirect investors, such as CPF investors, to attend the AGM as proxies. While Provision 11.4 of the 2018 CG Code enables a company’s constitution to allow for absentia voting at AGMs, the Company’s Constitution currently does not include provisions for voting in absentia (such as voting via mail, email or fax). This is due to concerns related to the authentication of shareholder identity and other security and integrity issues. As such, the Company has decided not to implement absentia voting for the time being. An independent polling agent is appointed by the Company for AGMs. The agent will explain the rules, including the voting procedures, that govern the AGM. All resolutions at the AGM will be passed by poll voting in support of greater transparency and to allow for a more efficient voting process. An electronic poll voting system will be used to register votes from the shareholders present at the AGM. An external party will be engaged as a scrutineer to ensure the integrity of the poll voting process. The result of each poll, including the number and percentage of votes cast in favour of or against the resolution, will be immediately computed and presented to the shareholders. Both the poll voting and proxy voting results will be announced on SGXNet on the day of the AGM.
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