Asia-Pacific Strategic Investments Limited - Annual Report 2021

Directors’ Statement For the financial year ended 30 June 2021

Audit Committee (continued)

• Recommends to the Board of Directors the nomination of independent auditor and terms of engagement including remuneration;

• Reports actions and minutes of the AC to the Board of Directors with such recommendations as the AC considers appropriate; and

• Reviews interested person transactions in accordance with the requirements of the Singapore Exchange Securities Trading Limited’s Listing Manual Section B: Rules of Catalist.

The AC convened two meetings during the financial year. The AC has also met with the internal auditor and independent auditor, without the presence of the Company’s management, at least once a year.

The AC has recommended to the Board that the independent auditor, Nexia TS Public Accounting Corporation, be nominated for re-appointment at the forthcoming Annual General Meeting of the Company.

Independent Auditor

The independent auditor, Nexia TS Public Accounting Corporation, has expressed its willingness to accept re-appointment.

On behalf of the directors

……..……………………………….…

……..…………………………….……

Dato’ Dr Choo Yeow Ming

Dr Lam Lee G

Director

Director

14 October 2021

ANNUAL REPORT 2021

47