CORPORATE GOVERNANCE REPORT
Details of the interested person transactions entered into by the Group for FY2016 as required for disclosure pursuant
to Rule 1204(17) of the Catalist Rules are set out below:
Name of interested person
Aggregate value of all interested
person transactions during FY2016
(excluding transactions less
than $100,000 and transactions
conducted under shareholders’
mandate pursuant to Rule 920)
Aggregate value of all interested
person transactions conducted under
shareholders’ mandate pursuant to
Rule 920 (excluding transactions less
than $100,000)
Testing fees paid to Green
Pest Management Pte. Ltd.
$214,000
Nil
The Board confirms that the above interested person transactions were entered into on an arm’s length basis and on
normal commercial terms and are not prejudicial to the interests of the shareholders of the Company.
Non-Sponsor Fees
With reference to Rule 1204(21) of the Catalist Rules, there was no non-sponsor fee paid to the Company’s sponsor,
Hong Leong Finance Limited for FY2016.
Material Contracts and Loans
Pursuant to Rule 1204(8) of the Catalist Rules, the Company confirms that except as disclosed in the “Directors’
Statement” section of this annual report and the audited financial statements, there were no other material contracts and
loans of the Company and its subsidiaries involving the interests of the CEO, each Director or controlling shareholder,
either still subsisting at the end of the financial year or if not then subsisting, which were entered into since the end of
the previous financial year.
Use of Proceeds from Placement of 9,000,000 new ordinary shares in the capital of the Company
The Company raised net proceeds of approximately $5.04 million from the placement of 9,000,000 new ordinary
shares in the capital of the Company. As at 24 August 2016, such placement proceeds had been utilitsed in accordance
with the intended purposes as follows:
Intended purposes
Amount allocated
$’000
Amount utilized
$’000
Balance
$’000
To fund capital expenditures
3,000
(549)
2,451
To fund new investments and business expansion through
acquisitions, joint ventures and/or strategies alliances
1,500
(82)
1,418
General working capital
536
(536)
–
Total
5,036
(1,167)
3,869
53
ISOTEAM LTD.
ANNUAL REPORT 2016
