The DAPA function is a quality control process in respect of design development for all the Group’s projects from commencement to completion to ensure that completed projects are consistent with project objectives and market demands. The audit is another tool for understanding the operating and financial performance of the Group’s completed properties so as to identify opportunities for improvement. In other words, DAPA seeks to safeguard the value of the Group’s assets by checking compliance with standards set internally based on customer and competitor information, and by seeking ways to exceed the standards set.

Securities Transactions

The Company has issued a policy on dealings in its securities to executives within the Group, setting out guidance on such dealings and the implications of insider trading. It has adopted in full the Best Practices Guide on Dealings in Securities issued by the Singapore Exchange Securities Trading Limited.

Directors’ Remuneration

Note: All the above interested person transactions were done on normal commercial terms.