Background and History

Nam Lee Pressed Metal Industries Limited was incorporated on 10 March 1975 by the Yong family, which has been in the metal products fabrication business since the 1950s.

The family business, which started as a sole proprietorship fabricating galvanised metal household products founded by the late Mr Yong Kwong Fae, has developed into a one-stop specialist for building and infrastructure metal products, aluminium frames for container refrigeration units and wide range of other fabricated aluminium and steel products.

Nam Lee has designed, manufactured, supplied fabricated metal products and provided metal solutions for diverse industries over the years. It kicked off its foray into expanding its manufacturing operations overseas in 1991. It was listed on the Singapore Stock Exchange (SGX) main board since October 1999.

Group Overview

Nam Lee is engaged in the design, fabrication, supply and installation of a wide range of architectural finishing, comprising of building products for public housing projects, private design and build condominiums, commercial buildings, special requirement industrial complexes and facilities. It also secured the rights to fabricate aluminium frames for container refrigeration units for a multi-national corporation which is the industry leader in container refrigeration globally. Today the Group remains the only world-wide third party manufacturer of such products for this major customer.

Mission & Corporate Values

We endorse and are committed to abiding by the principles of Integrity, Quality, Customer Satisfaction and Innovation, the pillars of our Company’s continued success. With our corporate values based on these principles, we shall continue to be the preferred and trusted partner of our customers, providing them with quality and value products and services.

Dedicated to total service and lean manufacturing methods, we are committed to transforming our customers’ vision and imagination into reality with our staff and equipment capabilities. We offer innovation, value, timeliness and integrated solutions to meet their requirements, partnering them in achieving their goals and vision.

With our strong commitment and dedication to our customers, and with over 60 years of expertise, Nam Lee is the trusted partner offering effective, timely and value fabricated metal products and solutions.

Vision

To be the most preferred supplier and trusted partner of our customers in fabricated metal products and specialist architectural product solutions. Equipped with our expertise and capabilities, we are focused on partnering with our customers by providing cutting edge solutions and quality products as well as looking forward to strategic opportunities for co-operation in diverse industries, transforming visuals and designs into realities and contributing to environmental aesthetics and sustainability.

Playing our part to make a difference to society, faithfully providing our quality service and products, bring value to our community and the world.

Milestones / Awards

Milestones

• Design and Manufacture of metal products for HDB housing projects in 1991
• Established NL Metals Sdn Bhd (November 1991)
• Established firm relationship with major customer for refrigerated container mainframe business in 1993
• Established NL Mechanical Sdn Bhd (February 1994)
• Listed on Mainboard of SGX (Oct 1999)
• Established Nam Lee Pressed Metal Sdn Bhd (January 2004)
• Pre-fabricated bathroom units added to product mix in 2004
• Established Nam Lee Industries Sdn Bhd (May 2010)

Notable Awards

• Achieved ISO 9001 on 29 October 2004
• Achieved Bizsafe Level Star, OHSA 18001 on 9 March 2011
• Received Carrier 2011 Outstanding Supplier Award on Carrier Supplier Day 7 April 2011
• Received Gold Supplier Award from Carrier in 2017
• Received the Singapore Green Label on 11 January 2019
• Received the Singapore 1000 Company- Public Listed Companies 2019, ranked by the DP Information Group
• Received certificate from SOCOTEC Certification International for conforming to ISO 45001:2018 for Installation of Finished Metal, Aluminium, Glass and Composite Building Products in December 2019

Corporate Governance

The Nam Lee Board of Directors and Management are committed to good standards of corporate governance by implementing the measures and practices recommended by the Code of Corporate Governance 2018 (the “Code”) and the Listing Manual (the “Listing Manual”) of the Singapore Exchange Securities Trading Limited. For effective corporate governance, the Company has put in place various self-regulatory and monitoring mechanisms.

The Company’s corporate governance report, which is updated annually, is enclosed in the respective Annual Report of the year. The report outlines the Company’s corporate governance practices and activities for that financial year in relation to each of the principles contained in the Code as well as the relevant rules in the Listing Manual.

The Company seeks to comply with the best practices as outlined in the Code where applicable, feasible and practical to the Company, and material deviations are explained. The Company has also complied with the Listing Manual, where applicable.

For the Nam Lee Annual Reports, please refer to the “Investor Relations” page.

Whistleblowing Policy

Channel for reporting

If you are aware of wrongful practices or improprieties involving or affecting Nam Lee Pressed Metal Industries Limited or any of its subsidiaries (“Nam Lee”), you can report this to the email address whistleblowing@namlee.com.sg .

Wrongful practices or improprieties

Wrongful practices or improprieties refer to any activity or omission by an employee of Nam Lee, which is an inappropriate business conduct or represents unethical behaviour.

It may concern questionable operational or trade practices, financial or financial reporting matters, workplace harassment such as intimidating or obstructive behaviour; or failure to observe regulatory obligations.

Employees of Nam Lee are expected to raise human resource (“HR”) matters through existing internal HR channels, unless the matter involves HR management itself.

Handling of reports

The recipients of the emails to whistleblowing@namlee.com.sg are independent directors of Nam Lee Pressed Metal Industries Limited.

The whistleblowing policy provides a channel for individuals to report genuine misconduct or wrongdoing without fear of reprisal. It provides a framework for independent investigations and follow through on reports.

There shall be no discrimination, retaliation or harassment of any kind against a whistle-blower who submits a complaint or report in good faith and without malice through the above channel.

The identity of the whistle-blower will be protected and kept in confidence. However, under certain circumstances, the identity of the whistle-blower may be revealed to parties on a need-to-know basis such as the law enforcement agencies.

The confidentiality provisions do not apply if :

1. it is determined that the Complaint was lodged with malicious or mischievous intent, has been publicised and is potentially harmful to the orderly conduct of business and the reputation of the Group; or
2. the identity of the complainant is already public knowledge such as through the use of social media by the complainant.

You may choose to raise your concerns anonymously. However, concerns expressed anonymously may lack credibility and may hinder follow-up clarifications and investigations. We therefore highly encourage whistle-blowers to identify themselves to facilitate the investigation process.

Information in the report

In making a report, the following information should be provided to the extent known or applicable. You are encouraged to attach relevant documents to facilitate investigations.

• Name of person/department involved;
• Description of the incident, including where, when and how did the incident occur;
• Details of any witnesses and evidence;
• Value of any money or assets involved;
• Any other information that may substantiate the concern; and
• Name of whistle-blower or ways to contact for any further investigation.

Green Initiatives

At Nam Lee, we strongly support green initiatives. We believe everyone plays a part in making our planet a better place for our children. Thus, we recycle our materials and waste, and are moving towards using green materials in line with customer requirements. We educate our staff to conserve energy and save on water, gas and paper in our plants and offices. We also strive to make more efficient use of our resources by increasing our productivity levels.

We are committed to partnering our customers in developing environmentally sustainable products and in advocating for a sustainable environment. We shall continue to work towards contributing to the green consciousness and movement in Singapore and beyond. We share the vision of nurturing green communities and sustainable living environments.