Sino Grandness’ AGM was well attended by many curious and excited shareholders like myself. As usual, the management was kind enough to open the floor for Q&A, which lasted for 2 hours, before proceeding to vote on the resolutions. The Q&A provided a lot more clarity to shareholders on the current position of Sino Grandness and its future plans. I applaud the management’s patience and candour while being grilled for that 2 hours. Here are some of the Q&A exchanged during the AGM:

11 Question & Answers

Question 1: Why was there a 3-fold increase in the salaries of key management personnel? (referring to pg 104 of the 2015 annual report)

CFO shared that is was largely due to increase in business volume for Garden Fresh, which led to an increase in headcount of around 40-50%, many of which is related to senior management positions (higher costs).

Question 2: Distribution & Selling ...