HUTCHISON PORT HOLDINGS TRUST 120 CORPORATE GOVERNANCE REPORT Legal and Regulatory The Group is committed to ensuring its businesses are operated in compliance with local and international laws, rules and regulations. The Legal Department has the responsibility of safeguarding the legal interests of the Group. It is responsible for monitoring the day-to-day legal affairs of the Group, including preparing, reviewing and approving all legal documentation of Group companies, working in conjunction with fi nance, tax, treasury, corporate secretarial and business unit personnel on the review and co-ordination process, and advising Management on legal and commercial issues of concern. In addition, the Legal Department is also responsible for overseeing regulatory compliance matters of all Group companies. It analyses and monitors the regulatory frameworks within which the Group operates, including reviewing applicable laws and regulations and preparing and submitting responses or fi lings with relevant regulatory and/ or government authorities on regulatory issues and consultations. The department also determines and approves the engagement of external legal advisers, ensuring the requisite professional standards are adhered to as well as the most cost effective services are rendered. DEALING IN SECURITIES The Trustee-Manager has adopted its own internal compliance code to provide guidance to all officers of the Trustee- Manager with regard to dealings in units of HPH Trust (“Policies on Dealing in Securities”) in compliance with Rule 1207(19) of the SGX-ST Listing Manual. Pursuant to the Policies on Dealing in Securities effective for the year 2025, the Directors and officers of the Trustee-Manager and the Group are prohibited from dealing in the Units: (a) in the period commencing one month before the public announcement of HPH Trust’s half-year and full-year results, and expiring on the date of announcement of the relevant results; and (b) at any time while in possession of price sensitive information. The Directors and officers of the Group are also expected not to deal in the units of HPH Trust on short-term considerations and to observe insider-trading laws at all times even when dealing with units of HPH Trust within the permitted trading period. In response to specifi c enquiries made, all Directors have confi rmed that they have complied with the relevant Policies on Dealing in Securities in their securities transactions throughout the year 2025. Key officers may, as requested by the Trustee-Manager, be required to confi rm annually that they have complied with and are not in breach of the provisions of the relevant Policies on Dealing in Securities. STATEMENT OF POLICIES AND PRACTICES The Trustee-Manager has established the following policies and practices in relation to its management and governance: (a) The trust property of HPH Trust is properly accounted for and the trust property is kept distinct from the property of the Trustee-Manager held in its own capacity. Different bank accounts are maintained for the Trustee-Manager in its capacity as trustee-manager of HPH Trust and the Trustee-Manager in its own capacity, and regular internal reviews are carried out to ascertain that all trust property has been fully accounted for. (b) The Management provides regular updates to the Board and the AC about potential projects that it is looking into on behalf of HPH Trust and the Board and the AC ensure that all such projects are within the permitted business scope under the Trust Deed. Prior to the carrying out of any signifi cant business transaction, the Board, the AC and/ or the Management will have careful regard to the provisions of the Trust Deed and when in doubt seek advice from professional advisers.
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