Centurion Corporation Limited (the “Company” and together with its subsidiaries and associated companies, the “Group”) is committed to maintaining good standards of corporate governance and business conduct so as to enhance long-term shareholder value whilst taking into account the interests of other stakeholders. This report describes the Company’s corporate governance practices with specific reference to the principles and provisions of the Code of Corporate Governance 2018 of Singapore (the “2018 Code”), as required under the Listing Manual of the Singapore Exchange Securities Trading Limited (“SGX-ST”).
The Company’s ordinary shares are also listed on the Main Board of The Stock Exchange of Hong Kong Limited (the “SEHK”) (“Dual Primary Listing”), since 12 December 2017 (the “Listing Date”), and hence, the Company is required to also abide by, inter alia, the provisions of the Corporate Governance Code (the “HK CG Code”) as set out in Appendix 14 to the Rules Governing the Listing of Securities on SEHK (the “HK Listing Rules”) which are applicable to the Company. The Board and Management have taken steps to align the governance framework with the HK CG Code. In the event of any conflicts between the 2018 Code and the HK CG Code, the Company will comply with the more stringent requirements. In December 2021, the SEHK announced amendments to the HK CG Code. The requirements under the new HK CG Code will apply to corporate governance reports of listed issuers for financial year commencing on or after 1 January 2022.
As at the date of this report, the Company has complied with the principles and provisions of the 2018 Code and HK CG Code applicable for FY2021. Where there are any deviations from the provisions of the 2018 Code and HK CG Code, appropriate disclosures and explanations have been provided in this report.