Corporate Disclosure Policy

1. Purpose 

The purpose of this Corporate Disclosure Policy is to ensure that all communications to the public by Quality Concrete Holdings Berhad and its subsidiaries (collectively referred to as “the Group”) are: 

–             Timely, factual, and accurate. 

–             In compliance with all applicable legal and regulatory requirements. 

–             Reflective of the Group’s commitment to transparency, integrity, and accountability. 

 

2. Scope 

This policy applies to all directors, officers, employees, and authorized representatives of the Group. It covers disclosures in various forms including: 

–             Press releases 

–             Regulatory filings 

–             Annual and quarterly reports 

–             Presentations to analysts, investors, and other stakeholders 

–             Communication through the Group‘s website and social media platforms 

 

3. Policy Statements 

3.1 General Disclosure Principles 

Accuracy and Completeness: Disclosures must be accurate, complete, and not misleading.  All material information must be disclosed promptly. 

Timeliness:  Information should be disclosed promptly and in accordance with relevant regulatory timelines. 

Consistency: Disclosures must be consistent across all communication channels.  Confidentiality: Non-public material information must be kept confidential until publicly disclosed. 

 

3.2 Material Information 

Material information is any information that a reasonable investor would consider important in making an investment decision. Examples include: 

–             Financial results 

–             Mergers, acquisitions, or disposals 

–             Changes in key management 

–             Significant litigation 

–             Major new contracts or loss of significant business 

 

3.3 Disclosure Process 

Approval and Authorization: All public disclosures must be reviewed and approved by the Disclosure Committee or designated senior officers to ensure accuracy and compliance with this policy. 

Designated Spokespersons: Only designated individuals are authorized to communicate on behalf of the Group with analysts, investors, and the media. These individuals include the Executive Chairman and Executive Director. 

Communication Channels: The primary channels for official disclosures include the Group’s website, regulatory filings, and authorized press releases. 

 

4. Responsibilities 

4.1 Disclosure Committee 

The Disclosure Committee is responsible for: 

–             Overseeing the implementation and enforcement of this policy. 

–             Reviewing and approving all public disclosures. 

–             Ensuring that disclosures are made in accordance with legal and regulatory requirements. 

 

4.2 Employees and Management 

Employees and management must report any potentially material information to the Disclosure Committee promptly. 

They must ensure that all communication is factual and not misleading. 

 

5. Handling Rumors and Speculation 

The Group does not comment on market rumors or speculation. However, if necessary, the Disclosure Committee may decide to issue a public statement to clarify misinformation. 

 

6. Training and Compliance 

Training: Regular training will be provided to directors, officers, and employees to ensure understanding and compliance with this policy. 

Compliance Monitoring: The Internal Audit Department will periodically review the disclosure practices to ensure compliance with this policy. 

 

7. Policy Review and Updates 

This policy will be reviewed annually by the Disclosure Committee and updated as necessary to ensure it remains effective
and in compliance with regulatory changes.

 

8. Breach of Policy 

Violations of this policy may result in disciplinary action, up to and including termination of employment. Any breach should be reported to the Disclosure Committee or through the whistleblower channels

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9. Contact Information 

For any questions or clarifications regarding this policy, please contact the Internal Audit Department at 082-206600. 

 

Approval and Adoption 

This Corporate Disclosure Policy was reviewed and approved by the Board of Directors on 23.05.2023 and is effective immediately.