Financial Statements - Tung Lok Restaurants 2000 Ltd

Principle 15: Companies should encourage greater shareholder participation at AGM
and allow shareholders the opportunity to communicate their views on various matters
affecting the Company.
In line with continuous obligations of the Company pursuant to the SGX-ST’s Listing Rules, the Board’s policy
is that all shareholders be informed of all major developments that impact the Group.
Information is disseminated to shareholders on a timely basis through:
(a)
(b)
(c)
(d)
(e)
SGXNET announcements and news release;
Annual Report prepared and issued to all shareholders;
Press releases on major developments of the Group;
Notices of and explanatory memoranda for AGM and extraordinary general meetings (“EGM”);
and
Company’s website at www.tunglok.com at which shareholders can access information on the
Group.
The Company’s AGMs are the principal forums for dialogue with shareholders. The Chairmen of the Audit,
Remuneration and Nominating Committees are normally available at the meetings to answer any question
relating to the work of these committees. The External Auditors shall also be present to assist the Directors
in addressing any relevant queries by the shareholders.
Shareholders are encouraged to attend the AGM/EGM to ensure high level of accountability and to stay
appraised of the Group’s strategy and goals. Notice of the meeting will be advertised in newspapers and
announced on SGXNET.
Dealing In Securities
The Company has in place a policy prohibiting share dealings by Directors and employees of the Company
for the period of one month prior to the announcement of the Company’s half yearly and yearly results
as the case may be, and ending on the date of the announcement of the relevant results. Directors and
employees are expected to observe the insider trading laws at all times even when dealing in securities
within permitted trading period.
ADDITIONAL INFORMATION
1. Interested Person Transactions
The Company adopted an internal policy in respect of any transactions with interested person and has
established procedures for review and approval of the interested person transactions entered into by
the Group. The Audit Committee has reviewed the rationale and terms of the Group’s interested person
transactions and is of the view that the interested person transactions are on normal commercial terms and
are not prejudicial to the interests of the shareholders.
Interested person transactions carried out during the financial year by the Group are as follows :-
a) Sale of food and beverages -
b) Management fee 96,000
$
2. Material Contracts
No material contracts to which the Company or its subsidiary is a party and which involve interests of
directors or controlling shareholders subsisted at the end of the financial year or have been entered into
since the end of the previous financial year.
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