Title | CLARIFICATION TO THE COMPANY'S ANNUAL REPORT FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2012 | |
Subject Of Query | On Annual Report | |
Description | The Board of Directors refers to its Annual Report for the financial year ended 31 December 2012 and wishes to provide the following clarification in response to the query raised by the Singapore Exchange Securities Trading Limited (the "SGX-ST") on 24 April 2013: Stipulated on page 26 of the Annual Report, the Audit Committee ("AC") has conducted an annual review of the volume of non-audit services to satisfy itself that the nature and extent of such services will not prejudice the independence and objectivity of the external auditors before recommending their re-nomination to the Board. In addition, the AC confirmed that it has undertaken a review of the audit and non-audit services provided by the external auditors and they would not, in the AC's opinion, affect the independence of the external auditors in accordance with Listing Rule 1207(6)(b). BY ORDER OF THE BOARD Cheong Weixiong Chief Executive Officer |