Innlanz Limited

Climate Impact & Sustainability Data (2016-06-30 to 2018-06-30, 2022, 2023)

Long-term Goals:

Medium-term Goals:

Expanding retail network through either development or acquisition of direct retail stores
Developing online sales and marketing platform

Short-term Goals:

Maintaining long-term cooperation relationships with major OTOs and ITOs; providing balanced incentives and consistently quality shopping experience.
Renegotiating promotion fees with ITOs to be more consistent with FY2016 levels.
Maintaining long-term cooperation relationship with key suppliers and manufacturers; providing sustainable sales channels and profitability.
Implementing written template agreements with independent sellers, service providers and goods providers.
Closely monitoring activity levels across all product lines to ensure customer satisfaction and optimize retail floor space.
The Company is not aware of any current issues or any impending regulatory changes in Australia which may affect its supply, manufacture and distribution networks.
Attracting and retaining key personnel.
Expanding business activities and leveraging brand recognition and long-term relationships.
Planning to relocate Gold Coast store to larger premises.
Pursuing growth strategy to diversify customer base.
Voluntary escrow arrangement for Existing Shareholder's shares.

The Company’s operations continued to be significantly disrupted as a result of COVID-19 pandemic.

The Group focusing on preserving its cash position and controlling its costs.
Rigorous cost control measures by minimising fixed operating costs, including significant reduction of Directors’ fees and management wages.
Termination of two lease contracts resulting in a substantial decrease in on-going occupancy and operational expenses.

Frameworks Used: ASX Corporate Governance Principles and Recommendations (4th edition)

Third-party Assurance: RSM Australia Partners

Adopted a Diversity Policy (with plans to set measurable objectives)
Established a Board Charter outlining corporate governance principles and procedures
Established an Audit, Risk and Governance Committee (ARGC)
Adopted a Code of Conduct for Directors, senior executives, and employees
Adopted a Whistleblower Policy in 2020
Adopted an Anti-Bribery and Corruption Policy in July 2020
Undertook annual performance evaluations of the Board and senior executives
Implemented a Securities Trading Policy

Relatively small size of the company, resulting in non-compliance with all ASX recommendations
Lack of formal investor relations program
Absence of a formal internal audit function
No material exposure to environmental or social sustainability risks (currently no formal policies to manage such risks)

The Board acknowledges the limitations due to company size and intends to address them progressively.
Effective two-way communication with investors is achieved through continuous disclosure to the ASX and statutory reporting requirements.
Periodic internal and external reviews of risk management and internal control systems are conducted.
The Company will monitor exposure to environmental and social risks and implement appropriate policies when required.

Frameworks Used: ASX Corporate Governance Principles and Recommendations (4th edition)