The Board of Directors (the "Board") of Old Chang Kee Ltd. (the "Company" and together with its subsidiaries, the "Group") are committed to
maintaining high standards of corporate governance and places importance on its corporate governance processes and systems so as to ensure
greater transparency, accountability and maximisation of long-term shareholder value.
This report outlines the Company's corporate governance practices that were in place during the financial year ended 31 March 2016 ("FY2016"),
with specific reference made to the principles of the Code of Corporate Governance 2012 (the "Code"). This report adopts the question-andanswer
format of the disclosure guide developed by the Singapore Exchange Securities Trading Limited (the "SGX-ST") in January 2015