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Corporate Governance Report

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(Extracted from Annual Report 2018)

At OKP, we are committed to ensuring high standards of corporate governance. We believe that sound corporate governance principles and practices will improve corporate transparency, accountability, performance and integrity, and at the same time, protect and enhance shareholder value.

The Listing Manual of the Singapore Exchange Securities Trading Limited (SGX-ST) requires all listed companies to describe, in their annual reports, their corporate governance practices, with specific reference to the principles of the Code of Corporate Governance.

On 6 August 2018, the Monetary Authority of Singapore (MAS) issued a revised Code of Corporate Governance (the 2018 Code) and accompanying Practice Guidance. The 2018 Code will apply to annual reports covering financial years commencing from 1 January 2019. The Group has reviewed and set out the corporate practices it has in place to comply with the 2018 Code, where appropriate, in this current annual report.

We have presented our corporate governance policies and practices on each of the principles of the 2018 Code in a tabular form, stipulating each principle and provision, and explaining any deviations from the 2018 Code and taking consideration the and Practice Guidance provided by the MAS.

The Board of Directors is pleased to confirm that for the financial year ended 31 December 2018, the Company has adhered to the principles and guidelines of the 2018 Code as well as the Listing Manual of the SGX-ST where appropriate.

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