Page 43 - ar2014

CORPORATE GOVERNANCE
Dealing in Securities
(Rule 1204(19) of the Catalist Rules)
In line with Rule 1204(19) of the Catalist Rules and the Group’s internal compliance code, the Company issues memoranda to its Directors,
offcers, employees and associates of the Group to provide guidance with regards to dealings in securities of the Company by them, highlighting
that Directors, offcers, employees and associates are prohibited from dealing in the Company’s securities, commencing one month before the
release of the half-year and full-year results by the Company and ending on the date of the announcement of the results or when in possession of
price-sensitive information which is not available to the public.
Pursuant to Rule 705(2)(c) of the Catalist Rules, the Company will be required to announce its unaudited fnancial results on a quarterly basis
starting from the quarter ending 30 June 2015. As such, once the Company is required to announce quarterly fnancial results, Directors, offcers,
employees and associates are prohibited from dealing in the Company’s securities, commencing two weeks before the announcement of the
Company’s fnancial results for each of the frst three quarters of its fnancial year and one month before the release of the Company’s full year
results. The Company will also send a memorandum prior to the commencement of each window period as a reminder to the Directors, offcers,
relevant employees and associates to ensure that they comply with the Code. They are also discouraged from dealing in the Company’s securities
on short-term considerations.
Non-Sponsor Fees Paid to the Sponsor
(Rule 1204(21) of the Catalist Rules)
Pursuant to Rule 1204(21) of the Catalist Rules, no non-sponsor fees were paid to the Company’s sponsor, PrimePartners Corporate Finance Pte.
Ltd. for the fnancial year ended 31 March 2014.
Interested Persons Transactions
(Rule 907 of the Catalist Rules)
The Group has established procedures to ensure that all transactions entered into with interested persons are properly documented and reported
on a timely manner to the AC at least on a quarterly basis and that the transactions are conducted on an arm’s length basis and are not prejudicial
to the interest of the Company and its minority shareholders, in accordance with the internal controls set up by the Company on dealing with
interested person transactions. In the event that a member of the AC is involved in any interested person transaction, he will abstain from
reviewing that particular transaction.
There was no interested person transaction entered into during the fnancial year under review equal to or exceeding S$100,000.
41
Annual Report 2014 •