Asia-Pacific Strategic Investments Limited - Annual Report 2021

Corporate Governance Report

SHAREHOLDER RIGHTS AND ENGAGEMENT

Shareholder Rights and Conduct of General Meetings

Principle 11: The company treats all shareholders fairly and equitably in order to enable them to exercise shareholders’ rights and have the opportunity to communicate their views on matters affecting the company. The company gives shareholders a balanced and understandable assessment of its performance, position and prospects.

The Company is committed to providing shareholders with adequate, timely and sufficient information pertaining to changes in the Group’s business that could have a material impact on the share price or value.

The Company strongly encourages shareholder participation during the general meetings of shareholders. Shareholders are able to proactively engage the Board and Management regarding the Group’s business activities. Shareholders are informed of the rules, including voting procedures that govern general meetings of shareholders. The Constitution of the Company allows a member, including corporations, of the Company to appoint one or two proxies to attend and vote instead of the member. The Company also allows corporations which provide nominee or custodial services to appoint more than two proxies. These allow shareholders who hold shares through corporations to attend and participate in the AGM as proxies.

Shareholders are encouraged to attend the AGM as this is the principal forum for any dialogue they may have with the directors and Management of the Company.

At the Company’s AGM, shareholders are given the opportunity to voice their views and ask directors or Management questions regarding the Company. The chairmen of the AC, RC and NC and the external auditor will normally be present at the AGM and other general meetings of shareholders to assist the Board in addressing shareholders’ questions. For financial year ended 30 June 2020, all Directors were present at the Company’s general meetings held on 30 December 2020. The Company’s Annual Report, together with the notice of the AGM, is dispatched to shareholders at least 14 calendar days before the AGM (excluding the date of notice and the date of meeting). Every matters requiring shareholders’ approval at general meetings is proposed as a separate resolution. Each item of special business included on the notice of the meeting is accompanied, where appropriate, by an explanation for the proposed resolution. The Company has introduced the system of voting by poll and the results of each resolution put to vote at the AGM are announced with details of the percentage voting in favour and against. Notwithstanding Provision 11.4 of the Code which requires absentia voting at general meetings of shareholders to be made available, the Company is not implementing absentia voting methods such as voting via mail, e-mail or fax until security, integrity and other pertinent issues are satisfactorily resolved.

ANNUAL REPORT 2021

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