REPORT ON CORPORATE GOVERNANCE
Karin Technology Holdings Limited
Annual Report 2015
34
COMMUNICATION WITH SHAREHOLDERS
PRINCIPLE 14 – SHAREHOLDER RIGHTS
In line with the continuing disclosure obligations of the Company pursuant to the Listing Rules of the SGX-ST, the Board’s
policy is that shareholders should be informed promptly of all major developments that impact the Group.
The AGM of the Company is the principal forum for dialogue and interaction with all shareholders. Notice of AGM is
dispatched to shareholders, together with explanatory notes or a circular on items of special business (if necessary), at
least 14 days before the meeting. There are separate resolutions at general meetings on each separate issue.
Under the existing Bye-laws of the Company, corporations which provide nominee or custodial services are allowed to
appoint more than two proxies to attend and vote at the same general meeting.
PRINCIPLE 15 – COMMUNICATION WITH SHAREHOLDERS
Information is communicated to shareholders on a timely basis, through annual reports that are issued to all shareholders
within the mandatory period, half-yearly and full year results announcements, notice of the general meeting and
explanatory memoranda for annual general meetings and special general meetings, press releases and disclosures to
the SGX-ST. The Company also holds media and analyst briefing. The Company ensures that price sensitive information
is publicly released and is announced on an immediate basis, where required, under the listing manual of the SGX-ST.
Where an immediate announcement is not possible, the announcement is made as soon as possible to ensure that
shareholders and the public have a fair access to the information.
The Company has appointed an Investor Relations (“
IR
”) firm in Singapore to handle all its investor relations affairs,
including but not limited to establish and maintain regular dialogue with shareholders. Details of the IR firm are disclosed
in the Corporate Information page of the Annual Report.
The Company always updates its corporate website in English with an investor relations section at
through which shareholders will be able to access information on the Group. The website provides a business profile,
corporate announcements, press releases, annual reports and other information of the Group.
The Board may from time to time review the provisions of the existing Bye-laws of the Company to ensure they are in
line with the good corporate governance practices as recommended by the 2012 Code. If the Board deems fit, it may
propose any necessary amendment to the same to the shareholders for approval.
In its consideration for dividend payment, the Company takes into account, among other factors, current cash position,
future cash needs, profitability, retained earnings and business outlook. The Company takes the view that, committing
to a fixed dividend policy, may jeopardize its financial position in times of adverse changes in market conditions. Hence
it does not have a fixed dividend policy. Nevertheless, it has been making dividend payments each and every year since
its public listing in 2005. For FY2015, in addition to the already paid HK8.6 cents per share interim dividend (tax not
applicable), the Company is recommending a final dividend of HK9.0 cents per share (tax not applicable), subject to
approval by shareholders at the Annual General Meeting.
