Corporate Governance

The Board recognises the importance of good corporate governance and intends, following Admission, so far as is practicable and appropriate for a company of its size, stage of development and nature as a Company whose securities are traded on AIM, to follow the provisions of the UK Corporate Governance Code. In any event, the Board intends to comply with the provisions of the QCA Guidelines.

The Company has adopted a code for share dealings by directors and employees which is appropriate for an AIM company and which complies with Rule 21 of the AIM Rules on “Restrictions on deals”.

The Company has established an Audit Committee and a Remuneration Committee.

The Audit Committee is comprised of Mr Jonathan Orders and Mr Wong Chee Keong. The Remuneration Committee is comprised of Roslina Ibrahim and Mr Wong Chee Keong. Jonathan Orders chairs the Audit Committee and Wong Chee Keong chairs the Remuneration Committee. The Audit Committee’s responsibilities include making recommendations to the Board on the appointment of the Company’s auditors, approving the auditor’s fees, reviewing the findings of the audit and monitoring and reviewing effectiveness of the Company’s internal audit function. The Audit Committee will also be responsible for monitoring the integrity of the financial statements of the Company, including its annual and half yearly reports and interim management statements.

The Remuneration Committee’s responsibilities include determining the remuneration of the executive directors, reviewing the design of all share incentive plans and determine each year whether awards will be made, and if so, the overall amount of such awards, the individual awards to executive directors and the performance targets to be used.