DISCLOSURE & INVESTORS RELATION POLICIES

 

Introduction

This serves as the guide for Y&G Corporation Bhd of what a public listed company should consider when formulating their disclosure policy and the various tools that the Company can typically use to communicate this, including meetings, company announcements, annual reports and websites, as well as the provisions in the Companies Act, 1965 for communicating with shareholders electronically.

The Company nevertheless recognises that electronic media, in particular its website will be used as the primary communications channel as it provides wide coverage and is instantaneous.

Secondly, the Company wishes to ensure that any announcement of material information and corporate disclosure made or to be released to the public goes through a set of internal guideline so that the information released clear, factual, accurate, informed and in compliance with legal and regulatory requirements and in a timely manner.

This Policy however, does not apply to communication in the ordinary course of business activities.

Authority

The Board of Directors is ultimately responsible for ensuring that the Company’s disclosure requirements are fulfilled. The Board delegates the implementation to the Executive Director and the Finance Manager.

Any release of the current year’s business operation and financial information in any form should obtain the approval from the Executive Director and the Finance Manager.

All release of information to the public and enforcement agencies/bodies by way of electronic media release or face-to-face discussion must also seek the Company Secretary’s opinion and advice as to whether the release of information meets the requirements of the Company’s Act, 1965 and Main Market Listing Requirements.

Communication Channel

The Company has appointed the following personnel mentioned below to communicate with the public and stakeholders. The communications include accepting inquiries and feedbacks. As certain information may be time sensitive, the Company will at its best effort response to the inquiries at the earliest possible time.

Authorised Spokesperson

Name: Mr. Johnny Lee YS

Position: Finance Manager

Telephone: +603 – 7876 1188

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

The authorised spokesperson may from time-to-time designates others within the Company to speak on behalf of the Company or to respond to specific inquiries. 

Meetings

Face-to-face

The Senior Management Team must be well prepared, with strong collateral, to ensure that meetings are as effective as possible and that the information to be disclosed has been duly approved.

The Company’s face-to-face communications activities should include briefing the media and analyst, as well as meetings with institutional investors and private equity brokers. 

Press and Media

Building strong relationships with the press and market analyst is the key to gaining added press and media. It is important to build a healthy relationship and understanding with the analyst and journalists of the sector/industry covering all types of media. 

The most effective way to engage an analyst and journalists and convey a company’s equity story is through face-to-face meetings. If the analysts and journalists have good background knowledge of the company, this will mean that they will be more inclined to cover the company’s release of specific news, or to quote you as an expert as part of a broader article. 

General meetings

The Company will use their annual general meeting to communicate fully with its stakeholders. The meeting can be used by the Independent Non-Executive Chairman or Managing Director to present and provide an update on current trading, but this should be reflected in a market announcement which gives all stakeholders an update, including those who were unable to attend the meeting itself. The announcement on the official website must replicate the content of the meeting, to ensure that all stakeholders have the same information. 

The annual general meeting will also be used as a discussion forum, and questions should be encouraged during the formal proceedings. This ensures that the management is transparent to the stakeholders about the running of the business, and provides an opportunity for the stakeholders to raise queries or concerns of the internal and external business environment. 

Site visits

The Company will on a case-to-case basis, consider a request for a site visitation. The Company view that a site visit is a powerful way to convey its story and to give the visitor a greater insight into the company. The Company will consider events such as the opening of new facilities, acquisitions or the launch of a new product are the ideal opportunities to host a visit.

Company Announcement

Transparency

In order to maintain fair and transparent markets, it is of fundamental importance that public listed companies keep investors regularly informed about their affairs. The various provisions set out both in statute and regulation relating to company announcements help to create such transparency and protection for market participants.

What to announce

The need to provide investors with the regular news flow means that companies will need to have in place an annual reporting calendar to enable them to announce certain planned events throughout the year, such as the publication of annual and half-yearly reports. In addition to this, companies may hold regular investor or analyst briefings and will also communicate with their shareholders at the Annual General Meeting. The periodic publication of news helps to create a balanced and orderly market in a company’s security. However, companies must also operate on an ad-hoc basis to ensure that any new developments are also disclosed to the market without delay. This will normally involve consideration of whether there is any ‘inside information’ which requires disclosure to the market. 

When to announce

Material information will have to announce immediately to Bursa Malaysia Securities Berhad first and thereafter made available on the Company’s website. All announcements and its materiality will have to be in accordance with the Main Market Listing Requirements.

Response to Rumours and Reports

The Company will not attend to any rumours and reports unless there is significant reaction in the equity market of the Company. The inquiry and report into the matter should be made public, if attended. A Disclosure Committee should be established to attend to a rumours and reports.


Approved by the Board of Directors on 31 March 2016.