DATAPULSE TECHNOLOGY LIMITED ANNUAL

Corporate Governance

CORPORATE GOVERNANCE REPORT SHAREHOLDER RIGHTS AND RESPONSIBILITIES (CONTINUED) Shareholders have the opportunity to participate effectively in and vote at general meetings of shareholders. Under the multiple proxies regime introduced pursuant to the Companies (Amendment) Act 2014, “relevant intermediaries” such as banks, capital markets services licence holders which provide custodial services for securities and the Central Provident Fund (“CPF”) Board, are allowed to appoint more than two proxies to attend, speak and vote at general meetings. This will enable indirect investors, including CPF investors, to be appointed as proxies to participate at shareholders’ meetings. SECURITIES TRANSACTIONS The Company observes the best practices on dealings in securities recommended in the SGX Listing Manual. It has issued a policy to its directors, senior executives and certain employees who are involved in the preparation of the financial statements (collectively, the “Covered Persons”), setting out the implications of insider trading and guidance on dealings in the securities of the Company. The policy emphasises that the law on insider trading is applicable at all times. The Covered Persons are prohibited to deal in the securities of the Company during the period commencing two weeks before the announcement of the Group’s financial results for each of the first three quarters of its financial year and one month before the announcement of the Group’s full year financial results, and ending on the date of announcement of the relevant results. They are also discouraged from dealing in the Company’s shares on short-term considerations. The Company will continue to keep itself updated with any changes to the SGX Listing Manual and may amend its policy from time to time to fit the latest best practices. INTERESTED PERSON TRANSACTIONS During the financial year, there were no interested person transactions of more than $100,000 (as defined under the SGX Listing Manual) entered into by the Group. MATERIAL CONTRACTS During the financial year, there were no material contracts entered into by the Company or any of its subsidiaries involving the interests of the CEO, any director or controlling shareholder. 26 DATAPULSE TECHNOLOGY LIMITED ANNUAL REPORT 2017 DIRECTORS’ STATEMENT We are pleased to submit this annual report to the members of the Company together with the audited