TUNG LOK RESTAURANTS (2000) LTD / Annual Report
2016
31
Corporate Governance Report
Internal code on Dealing in Securities
Catalist Rule1204 (19)
In line with Catalist Rule 1204(19), the Company has adopted an internal Code of Dealing
in Securities by Officers of the Company. All Directors and officers of the Group are not
allowed to deal in the Company’s shares during the period commencing one month before
the announcement of the Company’s half-year and full year results and ending on the date
of the announcement of the relevant results.
In addition, all Directors and officers of the Group are required to observe insider trading laws
at all times and are prohibited from dealing with the Company’s shares whilst in possession
of unpublished price-sensitive information of the Group. They should also not deal in the
Company’s securities on short-term considerations.
Material Contracts
Catalist Rule 1204 (8)
Save for the interested persons transactions as disclosed in this Annual Report, there are
no material contracts of the Company or its subsidiaries involving the interest of the Chief
Executive Officer, each director or controlling shareholder subsisting at the end of FY16 or
have been entered into since the end of the previous financial year except for subsidiaries
that have entered into rental contracts with our controlling shareholders as announced by the
Company on 30 November 2015, 8 January 2016 and 10 February 2016.
Interested Person Transaction (IPT) Policy
Catalist Rule 907
The Company adopted an internal policy in respect of any transactions with interested
persons and has established procedures for review and approval of the interested person
transactions entered into by the Group. The ARC has reviewed the rationale and terms of
the Group’s interested person transactions and is of the view that the interested person
transactions are on normal commercial terms and not prejudicial to the interests of the
Company and minority shareholders.
The aggregate value of interested person transactions for FY16 are as follows:-
