Periodic disclosures – annual report
What is the definition of “conflict of interest”
as stated in item (3)(g) of Appendix 9C?
“Conflict of interest” for the purposes of item
(3)(g) of Appendix 9C, refers to a situation where the director concerned has
personal pecuniary interests which are in conflict with those of the listed
issuer or its subsidiaries. It excludes transactions entered into by a listed
issuer or its subsidiaries involving the interest of the director concerned
which are regarded as related party transactions pursuant to Chapter 10 of the Main
LR. The following are illustrations. A sale of property by the listed issuer to
a corporation owned by the director would be a related party transaction which
does not require disclosure pursuant to item (3)(g) of Appendix 9C. If the
director is a major shareholder of another corporation which is the competitor
of one of the subsidiaries of the listed issuer, such information must be
disclosed pursuant to item (3)(g) of Appendix 9C.