The Board of Directors (“Board”) and management (“Management”) of Leader Environmental Technologies Limited (“Company”) and its subsidiaries (collectively, “Group”) recognise the importance of, and are committed to maintaining, a high standard of corporate governance. Good corporate governance provides the framework for an ethical and accountable corporate environment, which will protect the interests of the Company’s shareholders and promote investor confidence. In addition, the Board also reckons that maintaining a high standard of corporate governance is essential to the long-term sustainability of the Group’s business and performance.

As the Company’s shares are listed on the Main Board of the Singapore Exchange Securities Trading Limited (“SGX-ST”), the Company seeks to comply with the listing rules of the SGX-ST as prescribed in the Listing Manual of the SGX-ST (“Listing Rules”) and is guided in its corporate governance practices by the revised Code of Corporate Governance issued in 2018 (“Code”) and accompanying Practice Guidance issued in August 2018.

The Board is pleased to outline in this report the Company’s corporate governance practices and structures in the financial year ended 31 December 2023 (“FY2023”), with specific reference made to each of the principles and provisions set out in the Code. Other than deviations which are explained in this report, the Company has generally adhered to the principles and guidelines set out in the Code.