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YIKON

Corporate Governance Statement

CORPORATION BHD

(527272-V)

The Board of Directors of Yikon Corporation Bhd recognises the importance of maintaining good corporate governance as a fundamental part of discharging its responsibilities to protect and enhance shareholders’ value. The Board is thus please to report that, the Group continue to be fully committed in adherence towards the Principles and Best Practices in Corporate Governance, as set out in the Malaysian Code on Corporate Governance. The Group has adopted the key principles and practise that are deemed fit for the Group which operates in the nation as well as in the People’s Republic of China.

The following statement sets out how the Group has applied the Principles of Corporate Governance and the extent of compliance with the Best Practices during the financial year ended 31 December 2009.

BOARD OF DIRECTORS

Composition and Balance

The Group is led and directed by an experienced Board which is primarily entrusted with the responsibility of charting the direction of the Group. The Directors collectively bring to the Board diversity in business experience, in-depth financial and technical expertise, which is sufficient to deal with all the business matters of the Group effectively.

The Board is responsible for the overall control and proper management of the Group as well as the strategic direction, establishing goals for the management and monitoring the achievement of these goals.

There is a clear division of responsibility between the Chairman, who is an Independent Non-Executive Director and the Chief Executive Officer. The Chief Executive Officer is responsible for the group’s business operation, organizational effectiveness and the implementation of Board policies and decision-making process of the Board. The Independent Non- Executive Directors contribute by the exercise of independent judgment and objective participation in the proceedings and decision-making process of the Board.

The Board presently comprises of six (6) members, of whom two (2) are Executive Directors and three (3) are Independent Non-Executive Directors and one (1) is Non-Independent Non-Executive Director. The ratio of Independent Directors throughout the financial year is in accordance with the paragraph 15.02 of the Bursa Securities Main Market Listing Requirements (”Listing Requirements”). The composition of the Board not only reflects the broad range of experiences and skills essential for the success of the Group but also the importance of independence in decision making at the Board level.

Board Meetings

The Board meets regularly on a quarterly basis, with additional meetings convened as required between the scheduled meetings. During the financial year ended 31 December 2009, the Board held six (6) meetings to deliberate on various matters and to decide and advise on important issues. The major deliberations, in terms of issues discussed and the conclusions arrived by the Board in the meetings are recorded by the Company Secretary.

The attendances of each individual Director are as follows:

Directors

Jan-09

Dato’ Noor Ahmad Mokhtar Bin Haniff

Dato’ Tan Sek Yin Haniff Bin Dato’ Mahmood

Y.M. Tunku Mohamed Alauddin Tunku Naquiyuddin

- N/A

Patrick Cheng Ther Wee (Appointed on 27-02-09)

Ng Chin Nam (Appointed on 12-06-09)

N/A

Feb-09

N/A

N/A

Apr-09

May-09

Aug-09

Nov-09

-

-

N/A

N/A

Annual Report 2009

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