procedures established by the Managers to comply with the Listing Manual requirements relating to interested person transactions. All interested person transactions are reported to and monitored by the Finance department which also keeps tab on the aggregate value, prior to the review by CLI IA. Legal advice is sought, if required, in respect of any issues relating to any specific interested person transaction. In the year under review, save for the Acquisition, there were no significant interested person transactions involving controlling Stapled Securityholders, controlling shareholders of each of the Managers or Directors requiring approval of the Stapled Securityholders. CLI IA employs suitably qualified professional staff with the requisite skill sets and experience, including IT auditors with the relevant professional IT certifications who are also members of the ISACA Singapore Chapter, a professional body administering information systems audit and information security certifications that is headquartered in the USA. CLI IA provides training and development opportunities for its staff to ensure their technical knowledge and skill sets remain current and relevant. STAPLED SECURITYHOLDER RIGHTS AND ENGAGEMENT Principles 11, 12 and 13: Shareholder Rights and Conduct of General Meetings, Engagement with Shareholders, Managing Stakeholder Relationships The Managers are committed to treating all Stapled Securityholders fairly and equitably. All Stapled Securityholders enjoy specific rights under the Trust Deeds and the relevant laws and regulations. General Meetings In FY 2024, CLAS convened and held a hybrid annual general meeting on 19 April 2024 (AGM 2024) physically and by way of electronic means pursuant to the amendments to Practice Note 7.5 of the Listing Manual, which permitted Stapled Securityholders to attend the physical meeting or the virtual meeting. This provided Stapled Securityholders with the opportunity to participate effectively in and vote at the AGM 2024 and facilitated the interaction by the Directors and Management with the Stapled Securityholders at and after the AGM 2024. The hybrid arrangements put in place for the conduct of the AGM 2024 included attendance at the AGM 2024 via electronic means under which Stapled Securityholders could observe and/or listen to the AGM 2024 proceedings via live audio-visual webcast or live audio-only stream, submission of questions in advance of or live at the AGM 2024, addressing of substantial and relevant questions prior to or live at the AGM 2024 and voting at the AGM 2024 live by themselves or their duly appointed proxy(ies) (other than the chairman of the meeting) via electronic means or by appointing the chairman of the meeting as proxy to vote on their behalf at the AGM 2024. In FY 2024, CLAS also convened and held an extraordinary general meeting on 18 November 2024 (EGM) physically. This provided Stapled Securityholders with the opportunity to participate effectively in and vote at the EGM and facilitated the interaction by the Directors and Management with the Stapled Securityholders at and after the EGM. All Directors (including the CEO who is also a Director) attended both the AGM 2024 and the EGM in person. A record of the Directors’ attendance at the AGM 2024 and the EGM can be found in the record of their attendance at general meetings and Board and Board Committee meetings for FY 2024 set out on page 92 of this Annual Report. The upcoming AGM to be held on 17 April 2025 (AGM 2025) will also be held in a physical format similar to the EGM as described above. Further information on the arrangements relating to the conduct of the AGM 2025 is set out in the Managers’ notice of AGM dated 28 March 2025. Stapled Securityholders are entitled to attend general meetings and are accorded the opportunity to participate effectively in and vote at general meetings (including through the appointment of up to two proxies, if they are unable to attend in person or in the case of a corporate Stapled Securityholder, through its appointed representative). Stapled Securityholders such as nominee companies which provide custodial services for securities are not constrained by the two proxy limitation, and are able to appoint more than two proxies to attend, speak and vote at general meetings of CLAS. CLAS encourages Stapled Securityholder participation and voting at general meetings. Stapled Securityholders may download the Annual Report and the notices of general meeting from CLAS’ Website and SGXNet. More than the legally required notice period for general meetings is generally provided. To safeguard the Stapled Securityholders’ interests and rights, a separate resolution is proposed for each substantially separate matter to be approved at a general meeting, unless the issues are interdependent and linked so as to form one significant proposal. Where the resolutions are “bundled”, the reasons and material implications will be explained in the notice of general meeting to enable Stapled Securityholders to make an informed decision. 85 Annual Report 2024
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