62 CSE Global Limited REPORT ON CORPORATE GOVERNANCE The Company does not have a formal dividend policy but the Board strives to provide sustainable dividend payouts. For the financial year ended 31 December 2024, the Board has proposed a final dividend of 1.15 Singapore cents per share, which brings the full-year ordinary dividend to 2.40 Singapore cents per share. Securities Transactions The Company has adopted and issued an internal compliance code entitled “Code of Best Practice on Securities Transactions by Officers” to the Officers of the Group. The internal compliance code set out a code of conduct to provide guidance for the Officers of the Group on their dealings with the Company’s securities, as well as the implications of insider trading. Under Company’s internal compliance code, the Company, its Directors and officers should not deal in the Company’s securities during the following “black out” periods: • the period commencing two weeks before the announcement of the Company’s business and financial updates for the first and third quarters of its financial year and ending after the announcement of the relevant business and financial updates; and • the period commencing one month before the announcement of the Company’s half-year and full-year financial statements and ending immediately after the announcement of the relevant financial statements. Directors and officers are also advised to adhere to the following rules at all times: (a) observe insider trading laws and not to deal in the Company’s securities while in possession of any unpublished material price-sensitive information; and (b) not to deal in the Company’s securities on short-term considerations. In addition, Directors are required to report to the Company Secretary within two business days whenever they deal in the Company’s securities and the latter will make the necessary announcements in accordance with the requirements of the Listing Rules. The Company has complied with its Best Practices Guide on Securities Transactions. Interested Person Transactions The Company has in place procedures to ensure that all transactions with interested persons are reported in a timely manner to the ARC for its review. There was no shareholder mandate obtained for interested person transaction for the financial year under review. There was also no interested person transactions for the financial year under review. Material Contracts Pursuant to the requirements as stipulated under Rule 1207(8) of the Listing Rules, except for the interested person transactions disclosed under item 17, there were no material contracts of the Company or its subsidiary companies involving the interests of any Directors of the Company, the Managing Director of the Company or any controlling shareholders of the Company or their associates, either still subsisting at the end of the financial year or if not then subsisting, entered into since the end of the previous financial year. Update on the use of the Proceeds from Placement of 60 million new shares As at the date of this report, S$14.3 million of the net proceeds of S$23.2 million had been utilised for the acquisition of RFC Wireless, Inc.
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