Q&As on Annual Reports

ASKING THE RIGHT QUESTIONS ON YOUR INVESTMENTS AT AGMS

Q&As on Annual Reports

WHAT TO EXPECT

1 Q&A will focus on company’s business strategy,  financial information, corporate governance and sustainability.

2 Companies are requested to address the questions posed by SIAS at the AGM as well as post the answers to the questions on SGX Net.

3 SIAS will be progressively extending this to cover all SGX listed companies over the next 5 years.

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AGM Date Company Market Annual Report SIAS Questions Company Response
AGM Date: 31/10/2017 31/10/2017 Company: Avi-Tech Electronics Ltd Avi-Tech Electronics Ltd Market: SGX Mainboard SGX Mainboard Annual Report: Download Download SIAS Questions1. In the Letter to Shareholders (pages 5-6 of the annual report), one of... 2. As disclosed in Note 4 (page 95 - Capital management policies and objectives)... 3. The issue of long tenured non-executive director was brought up... Read More
AGM Date: 31/10/2017 31/10/2017 Company: CFM Holdings Ltd CFM Holdings Ltd Market: Catalist Catalist Annual Report: Download Download SIAS Questions1. As discussed in the Chairman’s Statement (page 4 of the annual report), the group’s... 2. In Note 29c (page 85 – Contingent liabilities), the company has disclosed... 3. As disclosed in the Corporate Governance Report (page 13), the board... Read More Company Response1. The Group’s revenue decreased from S$25.6m in FY2016 to... 2. While the contractor had originally filed a claim of approximately S$2.4m... 3. The Company intends to appoint a new independent director... Read More
AGM Date: 31/10/2017 31/10/2017 Company: EMS Energy Ltd EMS Energy Ltd Market: Catalist Catalist Annual Report: Download Download SIAS Questions1. As noted in the Chairman’s Statement (page 3 of the annual report), the... 2. On 13 October 2017, in the announcement titled “Discrepancies between... 3. The three independent directors, namely Mr Lim Poh Boon, Mr Ung Gim Sei... Read More
AGM Date: 31/10/2017 31/10/2017 Company: EpiCentre Holdings Ltd EpiCentre Holdings Ltd Market: Catalist Catalist Annual Report: Download Download SIAS Questions1. On 9 October 2017, the company announced that the auditors of the company... 2. The group is set to open a new concept store “Live Out Loud (LOL) By EpiCentre"... 3. The ARC has recommended “the appointment of Crowe Horwath First Trust LLP... Read More
AGM Date: 31/10/2017 31/10/2017 Company: Jaya Holdings Ltd Jaya Holdings Ltd Market: SGX Mainboard SGX Mainboard Annual Report: Download Download SIAS Questions1. On 2 October 2017, the company was notified by SGX-ST that no further extension... 2. In the event that there is no reasonable exit offer from the controlling... 3. Based on the latest report on the Monthly valuation of assets and... Read More
AGM Date: 31/10/2017 31/10/2017 Company: Lion Asiapac Ltd Lion Asiapac Ltd Market: SGX Mainboard SGX Mainboard Annual Report: Download Download SIAS Questions1. As announced on 8 May 2017, the company reconstituted the board and appointed... 2. Shareholders would like to ask the company for better clarity on several... 3. The group has four segments of which only Lime manufacturing is... Read More
AGM Date: 31/10/2017 31/10/2017 Company: New Silkroutes Group Ltd New Silkroutes Group Ltd Market: SGX Mainboard SGX Mainboard Annual Report: Download Download SIAS Questions1. On 10 October 2017, the company announced that the auditors of the company... 2. Guideline 1.4 of the Code of Corporate Governance 2012 (“CG Code”) states the... 3. In Note 14 (page 78 – Treasury shares), the acquisition and disposal of... Read More
AGM Date: 31/10/2017 31/10/2017 Company: Oxley Holdings Ltd Oxley Holdings Ltd Market: SGX Mainboard SGX Mainboard Annual Report: Download Download SIAS Questions1. The group has expanded its global footprint by going into a development project in... 2. The company made a disclosure in Note 35 (page 108 – Events after the end... 3. Shareholders would like to ask for more clarity on remuneration for... Read More
AGM Date: 31/10/2017 31/10/2017 Company: Parkson Retail Asia Ltd Parkson Retail Asia Ltd Market: SGX Mainboard SGX Mainboard Annual Report: Download Download SIAS Questions1. As noted in the Chairman’s Statement (pages 2-3 of the annual report), the... 2. Impairment assessment of property, plant and equipment is one of the five... 3. In the Independent Auditor’s Report, the Independent Auditor has... Read More
AGM Date: 30/10/2017 30/10/2017 Company: Alliance Minerals Assets Ltd Alliance Minerals Assets Ltd Market: Catalist Catalist Annual Report: Download Download SIAS Questions1. As stated in the Letter to shareholder (pages 2-3 of the annual report), the... 2. In the Director’s Report (page 58), the directors have disclosed that the... 3. On 12 October 2017, the company made an announcement titled “Clarification... Read More
AGM Date: 30/10/2017 30/10/2017 Company: Asia-Pacific Strategic Investments Ltd (now known as China Real Estate Grp Ltd) Asia-Pacific Strategic Investments Ltd (now known as China Real Estate Grp Ltd) Market: Catalist Catalist Annual Report: Download Download SIAS Questions1. In January 2016, the group had announced that it had entered into... 2. In Note 27 (page 113 – Segment information), it is shown that the group’s... 3. As disclosed in the Corporate Governance report (page 14), all three independent... Read More
AGM Date: 30/10/2017 30/10/2017 Company: Astaka Holdings Ltd Astaka Holdings Ltd Market: Catalist Catalist Annual Report: Download Download SIAS Questions1. As shown in the Project summary on page 3 of the annual report, the group’s... 2. The group’s second project is Bukit Pelali at Pengerang, which is envisaged... 3. As announced on 28 September 2017, the independent auditors, KPMG LLP... Read More


Upcoming Q&A