Related Party Transactions Policy

Related Party Transactions Policy

This policy aims to define related party relationships and transactions, and set out guidelines and categories that will govern the review, approval and ratification of these transactions by the Board of Directors (Board) or Shareholders to ensure that related party relationships have been accounted for, and disclosed, in accordance with International Accounting Standard 24 on Related Party Disclosures and in accordance with the rules of the Securities and Exchange Commission on Material Related Party Transactions.

The policy was revised in August 2019 to comply with SEC Memorandum Circular No. 10, Series of 2019 providing the Rules on Material Related Party Transactions for Publicly-Listed Companies, which took effect on 25 April 2019.

The revised policy was approved by the Related Party Transactions Review Committee and ratified by the Company’s Board of Directors on August 13, 2019.

To view the policy, click on the link below:

ALI Related Party Transactions Policy