The Board of Directors (“Board” or “Directors”) of Sen Yue Holdings Limited (“Company”) are committed to maintaining a high standard of corporate governance with a view of enhancing accountability, corporate transparency, sustainability and safeguarding interests of the shareholders within the Company and its subsidiaries (“Group”).

This report outlines the Company’s main corporate governance practices that were in place through the financial year ended 30 September 2023 (“FY2023”) with reference to the principles set out in the Code of Corporate Governance 2018 (“Code”) pursuant to Rule 710 of the Singapore Exchange Securities Trading Limited (“SGX-ST”) Listing Manual Section B: Rule of Catalist (“Catalist Rules”).

The Board is pleased to report that for FY2023, the Company has adhered to the principles of the Code, and the provisions of the Code except where otherwise explained. In areas where the Company’s practices vary from any provisions of the Code, the Company has stated herein the provision of the Code from which it has varied, and appropriate explanations are provided for the variation, and how the practices the Company had adopted are consistent with the intent of the relevant principle of the Code. The Company will continue to assess its needs and implement appropriate measures accordingly.

Please refer to the Corporate Governance Report in the Company’s latest annual report for details.