FY 2011 Annual Report - Sheng Siong

Material Contracts
Sheng Siong Annual Report 2011
Corporate Governance
Save as disclosed above, no other material contracts, which involve the interests of any Director and/or
controlling shareholder, were entered into by the Group during FY2011.
(D) COMMUNICATION WITH SHAREHOLDERS
Principle 14: Companies should engage in regular, effective and fair communication with shareholders.
Principle 15: Companies should encourage greater shareholder participation at AGMs, and allow shareholders
the opportunity to communicate their views on various matters affecting the company.
The Company endeavours to maintain regular, timely and effective communication with its shareholders. The
Company disseminates all price-sensitive information to its shareholders on a non-selective basis. Quarterly
and annual financial results are published through the SGXNET and press releases.
All shareholders receive the Company’s annual report and notice of AGM. The notice of AGM is also advertised
in the newspaper. The Company welcomes the views of shareholders on matters concerning the Group and
encourages shareholders’ participation at AGMs. All Directors, including the Chairman of each of the AC, NC
and RC, and Management are in attendance at the general meetings to allow shareholders the opportunity to
air their views and ask Directors or Management questions regarding the Group. The external auditors are also
invited to attend the AGMs to assist the Directors in answering queries relating to the conduct of the audit and
the preparation and content of the auditors’ report.
Dealings in securities
The Company has adopted an internal policy on dealings in the Company’s securities, which is in line with the
requirements of the Listing Manual.
The Directors and the Company’s officers are prohibited from dealing in securities of the Company during the
periods commencing two (2) weeks before the release of the quarterly results and at least one (1) month before
the release of full year results and at all times.
The Directors and the Company’s officers are also expected to observe insider-trading laws at all times even
when dealing in securities within a permitted trading period.
Directors and officers are also prohibited from dealing in the Company’s securities on short-term
considerations.
Statement of Compliance
The Company has generally complied with the principles and guidelines of the Code.
Utilisation of proceeds from IPO
Unless otherwise defined, all capitalised terms used in this section shall have the meanings ascribed to them
in the prospectus of the Company registered by the Monetary Authority of Singapore on 4 August 2011.
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