Koufu Group Limited (the "Company" and together with its subsidiaries, the "Group") and the Board of Directors (the "Board") are committed to ensure that high standards of corporate governance are practised throughout the Group, as a fundamental part of its responsibilities to protect and enhance shareholders' value and the financial performance of the Group. In this respect, the Company adopts corporate governance practices based on the Principles and Provisions set out in the Singapore Code of Corporate Governance 2018 (the "Code"). The Group also ensures that all applicable laws, rules and regulations including the Securities and Futures Act and the Listing Manual of the Singapore Exchange Securities Trading Limited ("SGX-ST") are duly complied with.
For the financial year ended 2020 ("FY2020"), the Company has complied in all material aspects with the Principles and Provisions of the Code and where the Company has deviated from the Provisions set out in the Code, it has provided explanations for such deviations and the details of the alternative practices adopted by the Company which are consistent with the intent of the relevant Principles of the Code.
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