China XLX Fertiliser Ltd

CORPORATE GOVERNANCE REPORTThe Executive Directors have service agreements. The service agreements cover the terms of employment, salariesand other benefits. Non-executive Directors have no service contracts.Disclosure on RemunerationPrinciple 9: Each company should provide clear disclosure of its remuneration policy, level and mix ofremuneration, and the procedure for setting remuneration in the company’s annual report. It shouldprovide disclosure in relation to its remuneration policies to enable investors to understand the link betweenremuneration paid to directors and key executives, and performance.The details of the remuneration of directors and top 5 key executives of the Group disclosed in bands for servicesrendered during the financial year ended 31 December 2008 are as follows:Number of directors Top Five Key Executives2008 2007 2008 2007$500,000 and above 1 1 – –$250,000 to $499,999 2 2 – –Below $249,999 3 3 5 5Total 6 6 5 5The summary compensation table for the Directors of the Group for the financial year ended 31 December 2008 isset out below:EXECUTIVE DIRECTORS: -Allowances and TotalSalary Bonus Directors’ Fees Other Benefits Compensation% % % % %$500,000 and aboveMr Liu Xingxu 29 71 – – 100$250,000 to $499,999Madam Yan Yunhua 31 69 – – 100Mr Li Buwen 31 69 – – 100NON-EXECUTIVE DIRECTORS: -Below $249,999Mr Ong Kian Guan – – 100 – 100Mr Li Shengxiao – – 100 – 100Mr Ong Wei Jin – – 100 – 100Immediate Family Member of Directors or Substantial ShareholdersNo employee of the Company and its subsidiaries was an immediate family member of a Director and/or aSubstantial Shareholder whose remuneration exceeded S$150,000 during the financial year ended 31 December2008.Annual Report 200830