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Investor Relations

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With the increasing demand for listed companies to show greater transparency and corporate governance in their business affairs, investors look for clear and apt disclosures. In response to this need, the Group seeks to provide its stakeholders with well-timed and accurate information on its business and financial performance.

We are dedicated to ensuring that our investors have the required information and are kept up-to-date on our strategic directions, business operations and market situation to assist them in making informed investment decisions.

To achieve this aim, we engage frequently and virtually, if need be, with our investors through various touchpoints. Our senior management and investor relations (IR) team actively make themselves available through 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-notch quality products and services. We are steadfast in developing and improving long-term value for all our investors and stakeholders. We seek to create a steadfast and sustainable company by achieving a wide range of capabilities and increasing our skills, track record and knowledge so as to fulfil our vision to be a leading transport infrastructure and civil engineering company in Singapore and overseas. Through this method, we can achieve stable business growth and deliver positive results to meet the expectations of our shareholders and investors.

To maintain our leadership position in the competitive arena, we actively monitor the external business and macroeconomic environment affecting our business and tackle issues strategically. We keep abreast of best practices by establishing sound management practices and efficient operational processes. We highlight to all our employees the importance of delivering top-quality services which exceed customers' expectations.

The Group continually seeks to improve its IR practices for its stakeholders' benefit. We are a member of the Investor Relations Professionals Association (Singapore) for 2020. The association's primary goals include championing IR best practice, enhancing professional competencies and elevating the overall standard of the IR profession in Singapore.

Practising Good Corporate Governance

As a listed company, OKP is committed to ensuring excellent corporate governance, whereby it manages, directs and balances the interests of all its stakeholders, which include customers, workforce, suppliers, business partners, investors and the public. We fully believe that strong corporate governance is important in acquiring and retaining investors' trust and backing as well as attracting new investors.

The Group supports the pledge towards board diversity, which was introduced for listed companies by the Singapore Institute of Directors and Singapore Exchange (SGX) in 2016. 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 boost our corporate governance framework to deliver greater transparency and fast-track management decisionmaking procedures, as well as strengthen management oversight. One of the methods we do this is by adopting the criteria used to score the Singapore Governance and Transparency Index (SGTI) ranking for SGX companies, which is an initiative administered by CPA Australia, National University of Singapore Business School's Centre for Governance, Institutions and Organisations, and the Singapore Institute of Directors.

Currently in its 13th year, 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 incorporated to the base score to arrive at the company's SGTI total score.

A Business Times report on 5 August 2021 ranked OKP 328 in the SGTI 2021 with an overall score of 63, including 1 penalty point. In comparison, it was ranked 157 in SGTI 2020 with an overall score of 75. The SGTI 2021 covers 577 listed companies in the General Category, and 45 REITs and Business Trusts that released their annual reports before end June 2021.

The Group's approach is to proactively engage the investment community by providing the latest information on corporate developments to assist investors and other stakeholders in making well-informed investment decisions. We believe that this transparency contributes greatly towards a good understanding of OKP and its activities, as well as enable the investing community to evaluate our performance.

As a responsible company dedicated to good corporate governance, we fully support the Corporate Governance Week 2021, which is organised annually by the Securities Investors Association (Singapore). Its focus on building and implementing excellence in corporate governance resonates with the way the company manages its business and how it communicates with its shareholders.

Our representatives took part in SID Directors Virtual Conference 2021, which had the theme Asia's Renaissance ‐ The New Era of Recovery and Reopening and was held on 8‐9 September 2021. We also participated in the Construction and Facilities Management Prospects Dialogue 2021 which was organised by the Building and Construction Authority and held on 25 March 2021.

Investor Relations Policy

The Group has a clear IR policy, which is to guarantee objective, transparent and principled business dealings with all its stakeholders. We make it a point 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 simultaneously with the same and concurrent information about matters that may impact the movement of our share price. The Group has won numerous awards and accolades over the years, which testify to its IR efforts and commitment to excellent corporate governance. These accolades include the following:

The Group has won numerous awards and accolades over the years, which affirm its IR efforts and dedication to good corporate governance. These accolades include the following:

- Runner‐up in the Most Transparent Company Award in the Construction and Materials and Mainboard Small Caps categories at the Securities Investors Association (Singapore) (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 OKP's financial position, results of operations, capital needs, expansion plans, and what the Board of Directors deems appropriate. The Group has proposed a dividend payout of 155.6 per cent (2020: 65.4 per cent) in 2021.

ENGAGING ACTIVELY WITH SHAREHOLDERS

In today's demanding investment environment with calls for better corporate governance, we are fully aware the importance of engaging and communicating effectively with all our stakeholders. However, with the restrictions imposed by the ongoing Covid-19 pandemic, physical meetings have been replaced by virtual connections. We aim to promote regular two-way investor communication by using various touchpoints with existing and potential investors, financial analysts and the media. These touchpoints include group briefings to analysts, media and investors; one-to-one meetings with shareholders and potential investors; annual general meetings; annual reports; and 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

The annual general meeting (AGM), which is held every April, is a major avenue for the Group to interact with investors. Depending on the prevailing safe distancing requirements, the AGM may be held virtually. Besides offering an occasion for investors to clarify any concern, the AGM also enables the Board of Directors and senior management team to brief shareholders on the company's latest developments. The AGM also provides an opportunity for shareholders to ask questions and vote on the resolutions being tabled. All Directors, especially 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 OKP's business, explain decisions made and tackle all issues raised. Shareholders may also submit written questions relating to the annual report and we will reply to their questions.

Announcements Of Corporate Developments

disclosure to help investors in making informed decisions on investments, we make it a priority to issue timely announcements on new contracts, strategic developments, financial results and other significant information. We do this through the SGXNet website, press releases, email alerts and our investor-friendly website.

Our investor relations website is an important avenue 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 halfyearly results and annual reports. Since 2003, OKP has featured webcasts comprising videos of full-year results, messages and presentation slides, thus allowing those who could not attend the AGMs to be kept well informed of our latest financial and operational performance. All our announcements are posted immediately on our website, following its release to the SGX to ensure fair, equal and instantaneous dissemination of information. In this way, all shareholders and investors can keep up-to-date on our latest business developments immediately and effectively.

Analyst And Media Briefings

Due to the Covid-19 pandemic, face-to-face meetings have been replaced by virtual meetings. During the release of our financial results, the senior management team is available to meet with analysts to respond to their questions and address any concern. 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 have greater insight into the Group's operations.

Where appropriate during this restricted period and when opportunities arise, we also give 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. Two articles in 2021 had the headings, "With PIE accident behind us, OKP resumes contract wins; eyes more shophouses for more recurring income" (The Edge Singapore, 18 October 2021) and "High steel prices could hit construction industry" (The Business Times, 22 February 2021).

Annual Report

Our annual report is a vital communication channel for stakeholders and other interested parties. Thus, we give great attention to ensure that the publication gives an accurate and comprehensive view of our activities during the year as well as our developments, policies and strategic direction in the future. The annual report and the notice of AGM are uploaded on SGXNet and the company's website at least 14 days before the 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

Technology is a key and invaluable tool today to communicate with all our stakeholders. Therefore, we take full advantage 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.

Communicating online has added greater importance as the Covid-19 pandemic has imposed restrictions on people movement. Through this two-way platform, all shareholders and other interested parties will be able to email their feedback and queries to our management and be assured of a relevant response. We also update our website frequently to provide the latest information on our operations and corporate developments.