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12

THONG GUAN INDUSTRIES BERHAD

Below RM50,000

-

RM150,001 to RM200,000

2

RM300,001 to RM350,000

1

RM550,001 to RM600,000

1

RM600,001 to RM650,000

1

3 - - - -

Fees

Salaries

Bonuses

Others

(RM’000)

(RM’000)

(RM’000)

(RM’000)

Category

Executive Directors

248,000

1,296,400

312,000

141,980

Non-Executive Directors

101,000

-

-

9,000

The number of Directors of the Company whose total remuneration falls within the following bands for the financial year

Range of remuneration

Number of directors

Executive Directors

Non-Executive Directors

C. SHAREHOLDERS

The Board acknowledges the need and importance of keeping shareholders and investors informed of the Group’s business and corporate developments.Timely release of quarterly financial and audited results, relevant information and corporate initiatives taken by the Group that warrant an announcement to the BMSB under the Listing Requirements provide shareholders and investors with an up to date overview on Group performance and operations.

The Board intends to maintain an active dialogue with shareholders.Whilst the Annual Report gives the shareholders a quick run on the financial and operational performance of the Group, the Annual General Meeting and Extraordinary General Meeting provide a platform to shareholders to seek more information on the audited financial statements and operational matters.

While the Group endeavours to provide adequate information to shareholders, it is also mindful of the legal and regulatory framework governing the release of material and price sensitive information.

The Directors and Management met regularly with investment analyst, institutional shareholders, investors, and members of the press to brief them on the Group’s operations during the financial year.

D. ACCOUNTABILITY AND AUDIT

Financial Reporting

The Board aims to provide and present a balanced and meaningful assessment of the Group’s financial performance and prospects at the end of the financial year, primarily through the annual financial statements and quarterly announcements of the results to shareholders as well as the Chairman’s statement and review of the operations in the annual report.The Directors are responsible in ensuring the annual financial statements are prepared in accordance with the provisions of the Companies Act, 1965 and applicable Approved Accounting Standards in Malaysia.

The Board is assisted by the management and the Audit Committee to oversee the Group’s financial reporting processes and the quality of its financial reporting.

Financial Reporting

The Board aims to provide and present a balanced and meaningful assessment of the Group’s financial performance and prospects at the end of the financial year, primarily through the annual financial statements and quarterly announcements of the results to shareholders as well as the Chairman’s statement and review of the operations in the annual report.The Directors are responsible in ensuring the annual financial statements are prepared in accordance with the provisions of the Companies Act, 1965 and applicable Approved Accounting Standards in Malaysia.

The Board is assisted by the management and the Audit Committee to oversee the Group’s financial reporting processes and the quality of its financial reporting.

Directors’ responsibility statement in respect of the preparation of the audited financial statements

The Board is responsible for ensuring that the financial statements of the Group and Company gives a true and fair view of the state of affairs of the Group and of the Company and of their results and cash flows as at the end of the financial year. The Directors have ensured that the financial statements have been prepared in accordance with the applicable approved accounting standards in Malaysia and the provisions of the Companies Act, 1965.

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