WILLAS-ARRAY ELECTRONICS (HOLDINGS) LIMITED
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CORPORATE GOVERNANCE REPORT
AUDIT COMMITTEE
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The Audit Committee has reviewed the fees of non-audit services provided by the external auditors to the
Company, and is satisfied that the nature and extent of such services will not prejudice the independence
and objectivity of the external auditors. During the Year, the Audit Committee met two times and
reviewed the annual and interim financial results of the Group for the year ended March 31, 2015 and the
six months ended September 30, 2015, respectively, the audit plans and findings of external auditors,
external auditors’ independence, compliance with accounting standards, the HK Listing Rules and the
SGX-ST Listing Manual and regulatory requirements, internal controls, risk management, adequacy of
resources, staff qualifications and experience of the Company’s finance and accounting functions. The
Company confirms that it is in compliance with Rules 712 and 715 of the SGX-ST Listing Manual.
INDEPENDENT AUDITORS’ REMUNERATION
For the Year, the fees paid or payable to Deloitte were approximately HK$2,371,000 for audit services
and approximately HK$531,000 for non-audit services (HK$300,000 for the review of the interim results
of the Company for the six months ended September 30, 2015 and HK$231,000 for tax consultancy
services) rendered to the Group.
COMPANY SECRETARY
Mr. Leung Hon Shing (who is also an Executive Director) is the Company Secretary and has taken no less
than 15 hours of relevant professional training in compliance with Rule 3.29 under the HK Listing Rules
during the Year.
SHAREHOLDERS’ RIGHTS, COMMUNICATIONS WITH SHAREHOLDERS AND
CONDUCT OF SHAREHOLDER MEETINGS
All Shareholders are treated fairly and equitably and the Company fully recognises the need to facilitate
the exercise of their rights as Shareholders.
The Company does not practise selective disclosure. Information is disseminated via SGXNET, news
releases and the respective websites of the Company and the SEHK on a timely basis. Price-sensitive
information is publicly released, announced within the mandatory period and available on the respective
websites of the Company and the SEHK. All Shareholders will receive the interim and annual reports and
the notices of annual and special general meetings of the Company. At the AGMs, all Shareholders will
be given the opportunity to air their views and direct their questions regarding the Group to the Directors,
including the chairmen of each of the Board Committees. The external auditors are also requested to be
present to address any relevant queries by Shareholders. Shareholders are also given the opportunity
to participate effectively in and vote at all general meetings of Shareholders. The Company informs
Shareholders of the rules governing the conduct of such general meetings, including voting procedures.
