132 PERENNIAL HOLDINGS PRIVATE LIMITED Sustainability Report Compliance with Laws and Regulations GRI [3-3] [2-27] Ensuring regulatory compliance across all business operations is essential for Perennial Holdings to maintain its operational licences in every market in which it operates. With a diverse portfolio that spans multiple cities, the Company places significant emphasis on understanding and adhering to local regulations related to the environment, labour practices and health and safety. Failure to comply with these regulations could negatively impact the Company’s reputation, result in penalties, obstruct Regulators Regulations (Examples) Accounting and Corporate Regulatory Authority • Business Names Registration Act 2014 National Environment Agency • Code of Practice on Environmental Health (“COPEH”) • Energy Conservation Act 2012 • Environmental Protection and Management Act 1999 • Environmental Public Health Act 1987 • Infectious Disease Act 1976 • Resource Sustainability Act 2019 • Smoking (Prohibition in Certain Places) Act 1992 • Carbon Pricing Act 2018 Ministry of Manpower • Employment Act 1968 • Employment Claims Act 2016 • Employment (Part-Time Employees) Regulations 1996 • Workplace Safety and Health (WSH) Act 2006 • Work Injury Compensation Act 2019 Urban Redevelopment Authority • Housing Developers (Control and Licensing) Act 1965 • Housing Developers (Anti-Money Laundering and Terrorism Financing) Rules 2023 Workplace Safety and Health Council • Code of Practice for Workplace Safety and Health Singapore Civil Defence Force • Fire Safety Act 1993 • Fire Code 2023 Relevant Laws for Properties in China • Law of the People's Republic of China on Work Safety • Law of the People's Republic of China on Prevention and Control of Occupational Diseases • Labour Law of the People's Republic of China • Law of the People's Republic of China on Promotion of Employment • Emergency Response Law of the People's Republic of China • Environmental Protection Law of the People's Republic of China • Fire Protection Law of the People's Republic of China • Law of the People's Republic of China on Energy Conservation • Law of the People's Republic of China on Chinese-Foreign Equity Joint Ventures • Company Law of the People's Republic of China • Water Pollution Prevention and Control Law of the People's Republic of China Relevant Laws for Eldercare in China • Civil Code of the People’s Republic of China • Law on the Protection of the Rights and Interests of the Elderly of the People’s Republic of China • Guidelines on Administration of Eldercare Institutions • National Standards on Specifications for Service Safety of Eldercare Institutions • National Standards on Specifications for Service Quality of Eldercare Institutions • Food Safety Law of the People’s Republic of China • Food Hygiene Law of the People’s Republic of China Table 7: List of Regulators and Applicable Regulations growth strategies, or even disrupt its operational capabilities. To address these challenges, Perennial Holdings has established a robust compliance framework designed to meet regulatory requirements in all countries where it operates. Perennial Holdings views compliance as a collective responsibility that spans various functions within the organisation. The Company actively engages with the regulatory bodies listed in Table 7 and expects all its departments to stay informed about any regulatory changes or updates by attending relevant compliance training and seminars organised by regulatory organisations. The Company’s Legal department is also available to provide additional support and guidance when needed. Furthermore, the Risk Management Team is responsible for reporting any known instances of non-compliance to the Board on a quarterly basis. To date, Perennial Holdings is proud to have achieved its target of maintaining zero cases of non-compliance since FY2018 and remains committed to sustaining this positive performance.
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