GLOBAL

CORPORATE GOVERNANCEOur Company will adhere to the best practices as set out in the Code of Corporate Governance.Audit CommitteeOur Audit Committee comprises Ms Tay Peck Suan (Chairperson of the Audit Committee), Mr DavidLim Teck Leong and Mr Tan Seng Leong.After the listing, our Executive Directors and Executive Of®cers will continue to manage the businessand operations of our Company. Recognising the importance of corporate governance and of offeringhigh standards of accountability to our shareholders, all three members of our Audit Committee areIndependent Directors.To maintain high standards of corporate governance within our Company, the Audit Committee willmeet periodically to do the following:±(i)(ii)(iii)(iv)(v)(vi)review with the external auditors the audit plan, their evaluation of the system of internalcontrols, their audit report, their management letter and the management's response;review the quarterly and annual financial statements and balance sheet and profit and lossaccounts before submission to the Board for approval, focusing in particular, on changes inaccounting policy and practices, major risk areas, significant adjustments resulting from theaudit, the going concern statement, compliance with accounting standards as well ascompliance with statutory/regulatory requirements;review the internal control procedures and ensure co-ordination between the internal andexternal auditors and the management, review the assistance given by the management to theauditors, and discuss problems and concerns (if any) arising from the interim and final audits,and any matters which the auditors may wish to discuss in the absence of management (wherenecessary);review and discuss with the external auditors any suspected fraud or irregularity, or suspectedinfringement of any relevant laws, rules or regulations, which has or is likely to have a materialimpact on our Company's operating results or financial position, and the management'sresponse;consider the appointment or re-appointment of the external auditors and matters relating to theresignation or dismissal of the auditors;review transactions falling within the scope of Chapter 9 of the SGX-ST Listing Manual as maybe amended from time to time, and such other rules and regulations under the listing rules of theSGX-ST that may be applicable in relation to such matters from time to time;(vii) undertake such other reviews and projects as may be requested by the Board and report to theBoard its findings from time to time on matters arising and requiring the attention of the AuditCommittee; and(viii) generally undertake such other functions and duties as may be required by statute or the listingrules of the SGX-ST, and by such amendments made thereto from time to time.Remuneration CommitteeOur Remuneration Committee comprises Mr David Lim Teck Leong (Chairperson of the RemunerationCommittee), Ms Tay Peck Suan and Ms Cynthia Poa Kheng Bee.108