The Directors recognize the importance of sound corporate governance and intend that the Company will comply with the main provisions of the QCA Guidelines insofar as they are appropriate given the Company's size and stage of development. The Board is responsible for formulating, reviewing and approving the Group's strategy, budgets and corporate actions. Following Admission, the Directors intend to hold Board meetings quarterly and at other times as and when required. The Company has established properly constituted audit, remuneration and nomination committees of the Board with formally delegated duties and responsibilities.

Audit Committee

The audit committee has primary responsibility for monitoring the quality of internal controls and ensuring that the financial performance of the Company is properly measured and reported on. It will receive and review reports from the Company's management and auditors relating to the interim and annual accounts and the accounting and internal control systems in use throughout the Group. The audit committee will meet not less than twice in each financial year and will have unrestricted access to the Group's auditors. The members of the audit committee are Kevin Steeds, Douglas Khoo and Teh KimSeng, and Kevin Steeds will act as chairman of the committee.

Remuneration Committee

The remuneration committee will review the performance of the Executive Directors and make recommendations to the Board on matters relating to their remuneration and terms of service. The committee will also make recommendations to the Board on proposals for the granting of share options and other equity incentives pursuant to any share option scheme or equity incentive plan in operation from time to time. The remuneration committee will meet as and when necessary. In exercising this role, the Directors shall have regard to the recommendations put forward in the QCA Guidelines. The members of the remuneration committee are Kevin Steeds, Douglas Khoo and Teh Kim Seng, and Teh Kim Seng will act as chairman of the committee.

Nomination Committee

The role of the nomination committee will be undertaken by the whole Board and is chaired by Kevin Steeds. The nomination committee considers the selection and re-appointment of Directors. It will identify and nominate candidates to fill board vacancies and review regularly the structure, size and composition (including the skills, knowledge and experience) of the Board and make recommendations to the Board with regard to any changes.

Share Dealing Code

The Company has adopted and will operate a share dealing code governing the share dealings of the Directors and applicable employees during close periods and which is in accordance with Rule 21 of the AIM Rules.