Group Overview Operation and Financial Review Financials Sustainability and Governance Other Information 31 Annual Report 2025 Corporate Governance The Board of Directors (“Board”) and Management of Indofood Agri Resources Ltd. (the “Company” and together with its subsidiaries, the “Group”) firmly believe that good corporate governance is a reflection of the Group’s commitment towards long-term sustainable business performance. This report sets out the key aspects of the Group’s corporate governance framework and practices, with reference to the principles and provisions of the Code of Corporate Governance 2018 (“2018 CG Code”). The Company has complied with the principles of all material aspects of the 2018 CG Code, and where there are deviations to the 2018 CG Code, the explanations are provided in the respective sections of this report. CORPORATE GOVERNANCE FRAMEWORK BOARD MATTERS PRINCIPLE 1: The Board’s Conduct of Affairs The Company is headed by a Board of Directors that oversees the conduct of the Group’s business affairs and performance by working closely with the Management to achieve strategic goals and enhance shareholder value. Roles and Responsibilities: The primary function of the Board is to provide entrepreneurial leadership so as to protect and enhance long-term value and returns for its shareholders. During 2025, besides carrying out its statutory responsibilities, the Board’s roles and responsibilities were as follows: • Guide the formulation of the Group’s long-term strategic plans, performance objectives and operational initiatives; • Establish and oversee the processes for evaluating the adequacy and effectiveness of the Group’s risk management and internal controls framework, financial reporting and compliance with legislative and regulatory requirements; • Review and approve the Group’s business plans, including annual budgets, and major funding, investment and divestment proposals; • Manage and monitor the Group’s sustainability initiatives, and consider the material environmental, social and governance (“ESG”) factors as part of its strategic formulation; • Oversee the Group’s business affairs, including its financial performance and condition, and monitor the performance of the Management; • Approve matters as specified under the Singapore Exchange Securities Trading Limited (“SGX-ST”) interested person transaction policy and assume responsibility for good corporate governance, including the establishment of an enabling culture, exemplary values and ethical standards of conduct across the Group; • Ensure that the Group’s obligations to shareholders and other stakeholders are understood and duly met; and • Ensure that the Group’s communication with its stakeholder groups is transparent and accountable. SHAREHOLDERS BOARD OF DIRECTORS EXECUTIVE COMMITTEE (“EXCO”) ENTERPRISE RISK MANAGEMENT (“ERM”) EXTERNAL & INTERNAL AUDITORS REMUNERATION COMMITTEE (“RC”) NOMINATING COMMITTEE (“NC”) AUDIT AND RISK MANAGEMENT COMMITTEE (“AC & RMC”)
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