The Company prepares minutes of general meetings. These minutes are available upon request by
shareholders.
The Company does not have a fixed dividend policy at present. The issue of payment of dividends
is deliberated by the Board annually, having regards to various factors (e.g. Company’s profit, cash
flow, capital requirements for investment and growth, general business conditions and other factors
as the Board deems appropriate.)
5
DEALINGS IN SECURITIES
In accordance with Rule 1207(19) of the Listing Manual issued by SGX-ST, the Company notifies all
employees that they are prohibited from trading in the Company’s shares one month prior to the
announcement of the Company’s full year results and 14 days before the announcement of the first
three quarters of the Company’s financial results.
The Company has also issued a policy on Insider Trading to all employees which sets out the principles
of relevant laws relating to insider trading which are applicable at all times. The Company prohibits
its officers from dealing in the Company’ shares on short-term considerations or when they are in
possession of unpublished price-sensitive information.
6
INTERESTED PERSON TRANSACTIONS
The Company is required to comply with the requisite rules under Chapter 9 of the Listing Manual
issued by SGX-ST for interested person transactions. To ensure compliance with Chapter 9, the ARC
meets quarterly to review if the Company will be entering into an interested person transaction in
order to ensure that the interested person transactions are carried out on normal commercial terms
and will not prejudicial to the interests of the shareholders.
There was no interested person transaction with aggregate value of more than S$100,000 during
FY2015 pursuant to Rule 907 of the Listing Manual of the SGX-ST.
7
MATERIAL CONTRACTS
Save as disclosed in the audited financial statements of this Annual Report, there are no material
contracts of the Company or its subsidiaries involving the interests of the Directors or controlling
shareholder(s) subsisting at the end of the financial year ended 31 December 2015 or have been
entered into since the end of the previous financial year.
8
RISK MANAGEMENT
Management regularly reviews the Group’s business and operational activities to identify areas of
significant business risks as well as deliberate on appropriate measures to control and mitigate these
risks. Management is accountable to the Board for ensuring the effectiveness of risk management
and adherence to risk appetite limits.
36
CORPORATE
GOVERNANCE
HG METAL MANUFACTURING LIMITED
ANNUAL REPORT 2015
