During 2024, SGX-ST notified the Company to start quarterly financial reporting starting from the quarter of April 2025 to June 2025, being the third quarter (“3Q”) of the financial year ending 30 September 2025 (“FY2025”) pursuant to Rule 704(2)(e) of the Listing Manual. This quarterly requirement will continue until such time the auditor issues a clean opinion on the financial statements of the Company and has not highlighted any material uncertainty on going concern. In this respect, Directors and employees will be required to refrain from dealing with the securities of the Company during the period beginning two weeks prior to the announcement of the 3Q financial results from FY2025 onwards. MATERIAL CONTRACTS Save as disclosed below, there were no material contracts entered into by the Company or its subsidiaries involving the interest of the Chairman and CEO, any Director, or controlling shareholder, which are either still subsisting at the end of FY2024 or if not then subsisting, entered into since the end of the previous financial year. Rule 1207(8) INTERESTED PERSON TRANSACTIONS The Company has set out procedures governing all interested person transactions to ensure that they are reported in a timely manner to the AC and that the transactions are carried out fairly on an arm’s length basis and on normal commercial terms, and will not be prejudicial to the interests of the Company and its shareholders. All interested person transactions are subject to review by the AC to ensure compliance. Rule 1207(17), 1207(18) and 907 During the year, the following interested person transactions were entered into with the following Director and controlling shareholder: Name of interested person Aggregate value of all interested person transactions conducted during the financial year (excluding transactions below $100,000 and transactions conducted under the shareholders’ mandate pursuant to Rule 920) Aggregate value of all interested person transactions conducted under shareholders’ mandate pursuant to Rule 920 (excluding transactions less than $100,000) S$’000 S$’000 Director and Substantial Shareholder Leo Ting Ping Ronald 309,000 Controlling Shareholder LJHB Capital (S) Pte. Ltd. 520,000 – The Company does not have a general shareholders’ mandate for interested person transactions pursuant to Rule 920 of the SGX-ST Listing Manual. 47 ANNUAL REPORT 2024 CORPORATE GOVERNANCE REPORT
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