PAKISTAN HOSIERY MANUFACTURERS & EXPORTERS ASSOCIATION

37-H, BLOCK-6 P.E.C.H.S., KARACHI-PAKISTAN

TEL: 0092-21-34522769, 34522685, 34544765 FAX: 0092-21-34543774

E-MAIL: info@phmaonline.com   URL www.phmaonline.com

Ref. No. PHMA/Cir-069/2016

Dated: 16^th September, 2016

TO ALL MEMBERS OF THE ASSOCIATION

PRINCIPLES OF CORPORATE GOVERNANCE FOR NON-LISTED COMPANIES

Dear Members,

We would like to inform you that the Securities & Exchange Commission of Pakistan (SECP) has approved Principles of Corporate Governance for Non-Listed Companies in order to provide enabling corporate governance framework for such companies in view of best international practices.

A copy of the same is attached herewith for perusal of members.

Principles are available on the website of SECP at the following link.

https://www.secp.gov.pk/corporate-governance/non-listed-companies/

Thanks & Best Regards,

Yunus Bin Aiyoob