COMPANY OVERVIEW

Timah Resources Limited (“Timah”), incorporated in Australia in 2007, was listed on the National Stock Exchange (“NSX”) in 2008. Subsequently, it was listed on the Australian Securities Exchange (“ASX”) on 16th September 2015. The company focuses on generating energy to meet the needs of society in a sustainable manner.
Timah creates shareholder value through the generation of biogas renewable energy undertaken by its wholly owned Malaysian-based subsidiary, Mistral Engineering Sdn Bhd (“Mistral”).
Mistral is a green technology company that produces green power from Palm Oil Mill Effluent (“POME”).
Mistral owns and operates a Biogas Power Plant of approximately 4.0MW located in Sabah, Malaysia. The Biogas Plant processes the POME from the adjacent palm oil mill and converts it into bio-fuel to generate electricity.
Timah is a subsidiary of Cepatwawasan Group Berhad (“CEPAT”), a Plantation Group listed on the Malaysian Stock Exchange (KLSE: CEPAT). CEPAT has over 30 subsidiary companies incorporated in Malaysia involved in oil palm cultivation, milling, quarrying and power generation, and it owns 10,290 hectares of oil palm plantations in Sabah.
Timah aims to become a leading renewable energy producer in Malaysia, adopting high standards of occupational health and safety, environmental management and ethics.

BOARD OF DIRECTORS

TAN SRI DR MAH KING THIAN
Executive Chairman

DATO’ SERI MAH KING SENG
Managing Director

SOONG SWEE KOON
Executive Director & Chief Operating Officer

JACK TAN
Independent Director

LEE CHONG HOE
Independent Director

DERRICK DE SOUZA
Independent Director

MAH SIU WEN
Alternate Director

LI-NA MAH
Alternate Director

CORPORATE GOVERNANCE

The Board of Directors of Timah is responsible for the corporate governance of Timah including its strategic development.
The ASX Corporate Governance Council outlines 8 core principles of good corporate governance, and provides recommendations as to the implementation of the respective principles. Whilst it is not mandatory to adopt the Council’s recommendations, the Listing Rules of ASX stipulates that a listed entity is required to provide a statement disclosing the extent to which it has adopted the recommendations in the Reporting Period (12 months to 30 June each year) and, if it has not adopted any of the recommendations, to explain why.
This Corporate Governance Statement sets out Timah’s current compliance with the ASX Corporate Governance Council’s 4th edition Corporate Governance Principles and recommendations (Recommendations).


Board Composition

The Board consists of a group of directors which collectively possesses the knowledge and experiences to contribute to the deliberations of the Board, and continuously commits to the principles of sound corporate governance, accountability, transparency and independence. The independent Directors ensure that the Board can bring about quality judgements which are free of bias to all issues. All directors are expected to bring independent views and quality judgments to the Board’s deliberations.
The composition of the Board is determined using the following principles:
- there shall be at least two non-executive directors;
- directors shall have a range of expertise encompassing the current and proposed activities of the Company; and
- procedures for election and retirement of Directors are governed by the Company’s Articles of Association.
The names, skills, experiences, expertise and independence of the directors of the Company in office are set out in the profile of Directors.
ASX Corporate Governance Council (CGC)
Corporate Governance Principles and Recommendations

ASX listing Rule 4.10.3 requires a statement by the consolidated entity disclosing the extent to which the entity has followed the best practice recommendations set by the ASX Corporate Governance Council (“CGC”) during the reporting period.
Company Charters and Policies


CORPORATE DIRECTORY

Timah Resources Limited
ABN 69 123 981 537
ASX Stock Code: TML
Timah Resources Limited, formerly known as Vietnam Emerging Capital Limited, is currently listed on the Australian Securities Exchange.
COMPANY
SECRETARY

Andrew Wallis
E | andwallis@bigpond.com.au
M | 0411 567 157
A | 3 Adey Place, Castle Hill NSW 2154
P | 02 9680 2662
F | 02 9680 9894
REGISTERED
OFFICE

348 Pacific Highway
Crows Nest NSW 2065
Australia
P | +61 418 286 266
COMPANY
LAWYERS

Andrew Flower
FCG LEGAL PTY. LTD. LAWYERS
28 Drummond Street
Carlton, Victoria, 3053
Australia
P | +61 3 8660 4725
F | +61 38660 4701
E | aflower@fmlawyers.com.au
COMPANY
AUDITORS

Stuart H Cameron
K.S. Black & Co.
E | scameron@ksblack.com.au
A | Level 1, 251 Elizabeth Street
Sydney NSW 2000
P | 02 8839 3000
F | 02 8839 3055
AUSTRALIA SHARE
REGISTRAR

Boardroom Pty Limited
Level 12, 225 George Street
Sydney NSW 2000
CORPORATE RESPONSIBILITY

Timah is committed to maintaining proper corporate governance. Our core principle in meeting this responsibility is to act honestly, conscientiously and fairly in accordance with the law and in the interests of our Shareholders, employees, and communities. We acknowledge our responsibilities to the communities in which we operate.
Corporate Governance and Ethics

We endeavor to maintain the highest standards of corporate governance and ethics and conduct our business in a fair, honest and ethical manner as described in our code of conduct.
We integrate corporate responsibility into our business strategy and decision making. We measure, monitor and report our governance performance annually.


Our Employees

Our employees are the greatest asset of the company. We support them by providing an inclusive environment that is positive and safe.
We promote a diverse and inclusive workplace as described in our Diversity and Inclusion Policy.
We are committed to ensuring satisfactory health and safety performance.
We comply with applicable national and local labor laws of the countries and communities in which we operate.
Community

We are committed to making a positive impact on the communities in which we operate. We are involved in community based initiatives and we endeavor to create values for both the community and our employees.
We support local businesses, train and employ local community and utilize other local resources wherever we can.
Environment

We are committed to doing business in an environmentally, socially and economically responsible manner. We strive to be innovative within the law and meet the requirements of various stakeholders.
Recognising that the sustainability of the ecosystems is an integral part of sustaining our business, we strive to achieve a sustainable long-term balance between meeting our business goals and preserving the environment. Conservation and preservation of the environment remains our top priority.