The Board of Directors and management of Civmec Limited recognise the importance of good corporate governance in ensuring greater transparency and protecting the interests of shareholders, as well as strengthening investors’ confidence in management and financial reporting and are, accordingly, committed to maintaining a high standard of corporate governance, with specific reference to the SGX Principles of the Code of Corporate Governance 2012 (the “Code”) and the ASX Corporate Governance Principles and Recommendations (3rd Edition) (the “Principles”).

In line with the commitment of the Company to maintaining high standards of corporate governance, the Company will continually review its corporate governance processes to strive to fully comply with the Code and the Principles.