There is an increase in demand for listed companies to show more transparency and better corporate governance in their business activities worldwide and in Singapore. Investors look for distinct and accurate disclosures. In response to this call, the Group aims to provide its stakeholders with comprehensive and accurate information on its business and financial performance.

We are dedicated to ensuring that our investors have the crucial information and are kept up-to-date on our strategic directions, business operations and market situation to help them in making informed investment decisions. To attain this objective, OKP engages actively and virtually, if need be, with our investors through various contact points. Our senior management and investor relations (IR) team make themselves accessible via various communication channels to the investment and financial community and the media.

Our guiding principle in relation to our shareholders is our commitment to maximising their return on investment while maintaining top-quality products and services. We are determined to grow long-term value for all our investors and stakeholders. We aim to build a stable and sustainable company by improving our skills, experience and knowledge so as to fulfil our vision to be a leading transport infrastructure and civil engineering company in Singapore and overseas. Through consistent improvements, we can attain good business progress and deliver good results to meet the expectations of our shareholders and investors.

To maintain our leadership position in the competitive environment, we proactively monitor the external business and macroeconomic situation impacting our business and address issues strategically. We keep up-to-date on the best practices by establishing sound management practices and effective operational processes. We highlight to all our staff the importance of delivering high quality services which exceed customers' expectations.

At OKP, we continually seek to enhance our IR practices for our stakeholders' benefit. We are a member of the Investor Relations Professionals Association (Singapore) for 2023. The association's primary goals include championing IR best practice, enhancing professional competencies and elevating the overall standard of the IR profession in Singapore.

ENSURING EFFECTIVE CORPORATE GOVERNANCE

As a listed company, the Group is committed to ensuring robust corporate governance, whereby we manage, direct and balance the interests of all our stakeholders, which include customers, workers, suppliers, business partners, investors and the public. We are of the view that good corporate governance is vital in attracting and retaining investors' confidence and support as well as gaining new investors.

The Group believes that sound corporate governance is a fundamental pillar of our long-term strategy to deliver sustainable business success and superior value. As we remain nimble and adapt to market changes, we will continue to adopt the best corporate practices and principles in the way we operate, and stay dedicated in gaining trust with all stakeholders.

We whole-heartedly back the pledge towards board diversity, which was introduced for listed companies by the Singapore Institute of Directors and Singapore Exchange (SGX) in 2015. The pledge states:

"We, as corporations, are committed to promoting diversity as a key attribute of a well-functioning and effective board. We believe that a diverse board will enhance decision making by harnessing the variety of skills, industry and business experiences, gender, age, ethnicity and culture, geographical background and nationalities, tenure of service, and other distinguishing qualities of the members of the board."

Within OKP, we have established processes to enhance our corporate governance framework to deliver greater transparency and fast-track management decision-making procedures, as well as fortify management oversight. One of our approaches is by endorsing the criteria used to score the Singapore Governance and Transparency Index (SGTI) administered by CPA Australia, National University of Singapore Business School's Centre for Governance and Sustainability and the Singapore Institute of Directors.

Since 2017, the SGTI is a unified framework comprising two separate categories - the General Category, and the REIT and Business Trust Category. For the General Category, the SGTI score has two components - base score and adjustment for bonuses and penalties. The base score for companies contains five pillars (BREAD) - board responsibilities (35 points), rights of shareholders (20 points), engagement of stakeholders (10 points), accountability and audit (10 points), and disclosure and transparency (25) points). All these add up to a base score of 100 points. The aggregate of bonuses and penalties is added to the base score to arrive at the company's SGTI total score. The SGTI 2023 covered 474 Singapore-listed companies in the general category and 43 Reits and business trusts.

A Business Times online report on 2 August 2024 ranked OKP 199 in SGTI 2024's General Category with an overall score of 71 (including 16 bonus points), compared to 85 in SGTI 2023.

At OKP, our goal is to actively engage the investment community by providing the most up-to-date information on corporate developments to help investors and other stakeholders in making well-informed investment decisions. We believe that this transparency adds greatly towards a good understanding of our organisation and its activities, as well as enable the investing community to evaluate our performance.

As a responsible company committed to solid corporate governance, we fully back the Corporate Governance Week 2024, which is organised annually by the Securities Investors Association (Singapore) (SIAS). Its focus on building and implementing excellence in corporate governance echoes the way the company manages its business and how it communicates with its shareholders. Our representatives took part in the SIAS Corporate Governance Week Conference with the theme The Impact of Artificial Intelligence on Corporate Governance and Sustainability on Key Stakeholders, which was held from 16-19 September 2024. Our representative also attended the SID Directors Conference 2022 - Directors in a 4D World - Digital, Decentralised, Decarbonised, Diverse on 15 September 2022. Directors also attended Environmental, Social and Governance Essentials (Core) training conducted by the Singapore Institute of Directors in 2022.

INVESTOR RELATIONS POLICY

The Group has a distinct IR policy, which is to make sure objective, transparent and principled business dealings with all its stakeholders. We make it a priority to release relevant and material information according to these basic principles and in accordance with the SGX's rules. We provide shareholders and other parties in the financial markets with the same information about matters that may impact our share price at the same time. We have won numerous awards and accolades over the years, which is a testimony to our IR efforts and commitment to sound corporate governance. These include the following:

> Runner-up in the Most Transparent Company Award in the Construction and Materials; and Mainboard Small Caps categories at the SIAS 16th Investors' Choice Awards 2015;

> Best Investor Relations Award (Gold) in the "Companies with less than $300 million market capitalisation" category at Singapore Corporate Awards (SCA) 2015;

> Merit for the Singapore Corporate Governance Award under Mainboard Small Caps category; and runner-up for the Most Transparent Company Award in the Constructions and Materials category at SIAS 15th Investors' Choice Awards 2014;

> Best Investor Relations Awards (Bronze) in the "Companies with less than $300 million in market capitalisation" category at SCA 2013;

> Winner of the Most Transparent Company Award under Mainboard Small Caps category at SIAS 14th Investors' Choice Awards 2013;

> Winner of the Most Transparent Company Award under Mainboard Small Caps category at SIAS 13th Investors' Choice Awards 2012;

> Best Investor Relations Awards (Bronze) in the "Companies with less than $300 million in market capitalisation" category at SCA 2012

> Best Investor Relations Award (Gold) in the "Companies with less than $300 million in market capitalisation" category at SCA 2009; and

> Best Investor Relations Award (Silver) in the Small Market Capitalisation category at SCA 2008.

DIVIDEND POLICY

We do not have a formal dividend policy. The form, frequency and amount of dividend payable on our shares will depend on several factors. These include the Group's financial position, results of operations, capital needs, expansion plans, and what the Board of Directors deems appropriate.

To reward shareholders for their loyal support, the Board has proposed a final dividend of 2.5 Singapore cents, consisting of a final dividend of 1.0 Singapore cent per share and a special dividend of 1.5 Singapore cents per share. The proposed total dividend represents a dividend yield of 7.7 per cent, based on OKP's closing share price of 32.5 cents on 31 December 2024.

PROFIT AFTER INCOME TAX AND NON-CONTROLLING INTERESTS (PATMI) ($'000) AND GROSS DIVIDENDS PER SHARE (Cents)

PROACTIVELY ENGAGING WITH SHAREHOLDERS

In today's uncertain investment climate with demand for better corporate governance, we are fully aware of the importance of engaging and communicating efficiently with all our stakeholders. We aim to nurture frequent two-way investor communication by using various touchpoints with existing and potential investors, financial analysts and the media. These platforms include group briefings to analysts, media and investors; one-to-one meetings with shareholders and potential investors; annual general meetings; annual and sustainability reports; corporate announcements and online communication via the investor relations section of our corporate website.

More details of our activities are as follows:

ANNUAL GENERAL MEETING
An important avenue for OKP to interact with investors is the annual general meeting (AGM), which is held every April. Besides providing an opportunity for investors to raise any issue, the AGM also enables the Board of Directors and senior management team to update shareholders on the company's latest developments. The AGM also offers an opportunity for shareholders to bring up questions and vote on the resolutions being tabled. All Directors, including the Chairpersons of the Audit, Nominating and Remuneration Committees, are present to answer questions from shareholders relating to the past, current and future directions of the Group's business, explain decisions made and tackle all concerns raised.

ANNOUNCEMENTS OF CORPORATE DEVELOPMENTS
As an organisation which seeks open, transparent and factual disclosure to help investors in making informed decisions on investments, we make it a priority to send out timely announcements on new contracts, strategic developments, financial results and other material information. To ensure fair and instantaneous dissemination of information, we post our announcements through the SGXNet website, press releases, email alerts and our investor-friendly website.

Our investor relations website is a vital channel through which we broadcast our news to the investment community. It is a resource for corporate, financial and stock information, and announcements of significant business developments. The website also houses our half-yearly results and annual and sustainability reports. Since 2003, OKP has featured webcasts comprising videos of full-year results, messages and presentation slides, thus enabling those who could not be physically present at AGMs to be kept abreast of our latest financial and operational performance. All our announcements are posted speedily on our website, following its release to the SGX. Through this way, all shareholders and investors are kept informed of our latest business developments at the same time and efficiently.

ANALYST AND MEDIA BRIEFINGS
The senior management team is available to meet with analysts to respond to their questions and address any concern during the release of our financial results. Outside of the financial results announcement periods, where necessary and relevant, the senior management team will also meet analysts and fund managers, to enable them to gain greater insights into our organisation's operations.

Where appropriate and when opportunities arise, we also take part in media interviews to provide shareholders and the public with a better understanding of our business and management's direction.

News about OKP have been published in various newspapers, journals, magazines and broadcast media. These included The Business Times, Lianhe Zaobao, The Straits Times, The Edge Singapore, Singapore Business Review, Today Online, Shares Investment, Biz Daily Online, Reuters, Channel NewsAsia, High Net Worth, BT Invest, i3investor.com and Inside Invest Magazine. Our Group Managing Director Mr Or Toh Wat's interview with Lianhe Zaobao was published on 17 June 2024 with the headline "胡金标控股以居安思危精神迎向新挑战". In addition, OKP was mentioned in a CNA online write-up "Singapore employers to face higher costs, operational challenges in preparing for erratic weather" on 2 October 2024.

ANNUAL AND SUSTAINABILITY REPORTS
Since FY2022, OKP has published two separate reports - an annual report and a sustainability report. This enables investors and other stakeholders to have a more comprehensive view of the Group's business, financial and sustainability performance. Our annual and sustainability reports are an important communication conduit for stakeholders and other interested parties. Thus, we put in a lot of effort to make sure that the reports provide a correct and comprehensive overview of our activities during the year as well as our developments, policies and strategic direction in the future. The annual report, sustainability report and the notice of AGM are uploaded on SGXNet and the company's website at least 14 days before the annual general meeting.

Our efforts have paid off and our annual reports have won numerous awards which include:

> Best Annual Report Award (Gold) in the "Companies with less than $300 million in market capitalisation" category at Singapore Corporate Awards (SCA) 2016;

> Best Annual Report Award (Gold) in the "Companies with less than $300 million in market capitalisation" category at SCA 2013;

> Best Annual Report Award (Gold) in the "Companies with less than $300 million in market capitalisation" category at SCA 2010;

> Best Annual Report Award (Silver) in the "Companies with less than $300 million in market capitalisation" category at SCA 2009;

> Best Annual Report Award (Gold) for Sesdaq company at the Inaugural SCA 2006 for excellent standards of corporate disclosure; and

> Second runner-up at 30th Annual Report Awards 2004 in the Sesdaq-listed companies category organised by the Institute of Certified Public Accountants of Singapore, Investment Management Association of Singapore, Securities Investors Association (Singapore), Singapore Institute of Management, Singapore Institute of Directors, Singapore Exchange Limited and The Business Times.

COMMUNICATING ONLINE
Nowadays, technology is a vital and invaluable tool to communicate with all our stakeholders. Therefore, we make full use of technology by conducting an annual webcast to communicate with our investors and taking questions online via an Online Management Question-and-Answer forum with investors through Shareinvestor.com.

The Group leveraged on digital channels such as live webcasts and video conferencing to reach out to the investment community more efficiently. Through these channels, all shareholders and other interested parties will be able to provide their feedback and queries to our management and be confident of an appropriate response. We also update our website on a regular basis to provide the latest information on our operations and corporate developments.