Annual Report 2022

MANAGEMENT DISCUSSION AND ANALYSIS 16 The United Laboratories International Holdings Limited Annual Report 2022 CORPORATE GOVERNANCE The Company is committed to ensure high standards of corporate governance in the interest of its shareholders. The Company has applied and complied with the applicable code provisions set out in the Corporate Governance Code (“CG Code”) and Corporate Governance Report contained in Appendix 14 of the Listing Rules, except for certain deviations which are summarised below: – Code Provision C.2.1 Under the code provision C.2.1 of the CG Code, the roles of chairman and chief executive officer should be separated and should not be performed by the same individual. During the year ended 31 December 2022, the Company did not have a chief executive officer. The Company will make appointment to fill the post as appropriate. CODE FOR SECURITIES TRANSACTIONS BY DIRECTORS The Company has adopted the Model Code as set out in Appendix 10 to the Listing Rules as its code of conduct for dealings in securities of the Company by the directors. Following a specific enquiry, all directors confirmed that they have complied with the required standards set out in the Model Code throughout the year. AUDIT COMMITTEE REVIEW The Audit Committee comprises three independent non-executive directors, namely Mr. Chong Peng Oon, Prof. Song Ming and Ms. Fu Xiao Nan. The Audit Committee has reviewed with the management of the Company the consolidated financial statements for the year ended 31 December 2022, including the accounting principles and practices adopted by the Group. CLOSURE OF REGISTER OF MEMBERS For the purpose of determination of entitlement to the final dividend and the special dividend, the Register of Members of the Company will be closed on Thursday, 6 July 2023 and Friday, 7 July 2023 on which no transfer of shares will be registered. In order to qualify for the final dividend and the special dividend (record date being Friday, 7 July 2023), all completed transfer forms accompanied by the relevant share certificates, must be lodged with the Company’s Hong Kong Branch Share Registrar, Computershare Hong Kong Investor Services Limited at 17M Floor, Hopewell Centre, 183 Queen’s Road East, Wanchai, Hong Kong for registration not later than 4:30 p.m. on Wednesday, 5 July 2023.