Corporate Governance

The Board of Directors (the "Board") of Singapore Myanmar Investco Limited ("SMI" and together with its subsidiaries, the "Group") is committed to comply with the principles and guidelines of the Code of Corporate Governance (the "Code") issued by the Monetary Authority of Singapore on 2 May 2012. SMI believes that good corporate governance is essential in building a sound corporation with an ethical environment, thereby protecting the interests of all shareholders.

This Corporate Governance Report sets out SMI’s corporate governance practices. The Board confi rms that, for the fi nancial year ended 31 March 2019 ("FY2019"), SMI has generally adhered to the principles and guidelines set out in the Code, except where otherwise stated. Where there have been deviations from the Code, SMI has sought to provide an appropriate explanation for each deviation in this Corporate Governance Report. SMI will continue to enhance its corporate governance practices appropriate to the conduct and growth of its business and to review such practices from time to time, to ensure compliance with the Listing Manual of the Singapore Exchange Securities Trading Limited

The new Code of Corporate Governance 2018 was issued on 6 August 2018 (the "Revised Code"), and will only take effect for annual reports covering fi nancial years commencing from 1 January 2019. As such, the Revised Code will not affect the Company’s latest fi nancial year ended 31 March 2019, and accordingly, SMI will only make reference to the Code in reviewing and implementing its corporate governance structures and practices.

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