King Wan Corporation Reveals Exact Director Remuneration in Response to SGX Query—Implications for Investors
King Wan Corporation Discloses Precise Director Remuneration Following SGX Inquiry: What Investors Should Know
Key Points from the Report
- King Wan Corporation Limited received a formal query from the Singapore Exchange Securities Trading Limited (SGX-ST) regarding its FY2025 annual report.
- SGX-ST requested the company to disclose the exact remuneration paid to each director, rather than in broad S\$250,000 bands, in accordance with Listing Rule 1207(10D).
- The company has provided a detailed breakdown of the remuneration for each executive and non-executive director for the financial year ended 31 March 2025.
Detailed Director Remuneration Breakdown for FY2025
| Name |
Fixed Component (%) |
Variable Component (%) |
Provident Fund (%) |
Directors’ Fees (%) |
Total Remuneration (S\$’000) |
| Mr. Chua Hai Kuey (Executive Director) |
97 |
0 |
3 |
0 |
255 |
| Ms. Chua Eng Eng (Executive Director, Managing Director) |
93 |
0 |
7 |
0 |
265 |
| Mr. Chua Yong Bin (Executive Director) |
77 |
14 |
9 |
0 |
259 |
| Dr. Teo Ho Pin (Non-Executive Director) |
0 |
0 |
0 |
100 |
66 |
| Ms. Siraarpa Siriviriyakul (Non-Executive Director) |
0 |
0 |
0 |
100 |
51 |
| Mr. Tang Siew Foo David (Non-Executive Director) |
0 |
0 |
0 |
100 |
57 |
| Mr. Chua Kim Hua (Non-Executive Director) |
0 |
0 |
0 |
100 |
28 |
Shareholder & Price-Sensitive Insights
- Transparency Upgrade: The move to disclose exact director remuneration, rather than S\$250,000 ranges, marks a significant step towards enhanced transparency and corporate governance. This aligns the company with best practices and regulatory expectations, potentially improving investor confidence.
- Executive Compensation Structure: Notably, variable or performance-related bonuses were minimal or non-existent for most executive directors, implying remuneration is mostly fixed. Only Mr. Chua Yong Bin received a notable variable component (14%), which may indicate performance-based incentives for select executives.
- Non-Executive Directors: All non-executive directors’ compensation was entirely through directors’ fees, with no fixed salary or variable components, reflecting standard governance norms.
- Potential Impact on Share Price: While the disclosure itself may not directly affect the company’s earnings, the improved governance and transparency can positively influence institutional and retail investor sentiment, especially in light of recent regulatory scrutiny in the region.
- Regulatory Compliance: The company’s prompt response to the SGX-ST query demonstrates its commitment to compliance and transparency, which could mitigate risks related to governance or regulatory penalties.
Investor Takeaways
For shareholders, this report is an important update on King Wan Corporation’s governance and transparency. The move could enhance the company’s reputation, potentially attracting long-term investors looking for well-governed firms. However, there are no immediate changes to the cost structure or dividend policy implied by this update. Investors should continue to monitor further disclosures and any changes in compensation policy, especially as they relate to incentivization and alignment with shareholder interests.
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King Wan Corporation Reveals Exact Director Remuneration in Response to SGX Query—Implications for Investors
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research or consult a qualified financial advisor before making investment decisions.
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