Group Overview Operation and Financial Review Financials Sustainability and Governance Other Information 39 Annual Report 2025 Corporate Governance Retirement by Rotation and Re-appointment at the 2026 AGM: Messrs Mark Julian Wakeford, Tjhie Tje Fie and Goh Kian Chee will retire by rotation at the 2026 AGM pursuant to Regulation 111 of the Company’s Constitution. The retiring Directors have abstained from deciding on their own nomination. The Board is satisfied that the retiring Directors are qualified for re-election by virtue of their skills, experience and contribution of guidance and time to the Board. Details on Messrs Mark Julian Wakeford, Tjhie Tje Fie and Goh Kian Chee (including information set out in Appendix 7.4.1 of the SGX-ST Listing Manual) can be found under “Board of Directors” and “Supplemental Information on Directors Seeking Re-election at the 2026 AGM” of this Annual Report. Directors’ Commitment: For Directors serving on the board of other public-listed companies, the NC adopts a holistic assessment instead of prescribing a maximum number of directorships and/or other principal commitments that each Director may have. All Directors are required to declare their board representations. To ensure that the Directors with multiple board representations can devote sufficient time and attention to the Company’s affairs, all Directors submit an annual affirmation to allocate sufficient time and effort to carry out their Board duties and responsibilities. The NC will review the nature and complexity of their other commitments, including the number of board representations, against their attendance, participation and contributions at the Company’s Board and Board Committee meetings, in assessing whether they have effectively performed their fiduciary duties as Directors of the Company. The NC was satisfied that all the Directors were able to participate in a substantial number of the Board and Board Committee meetings and had devoted sufficient time and attention to the affairs of the Company in 2025, taking into account, inter alia, the attendance records of the Directors at the respective Board and Board Committee meetings and their contributions towards the decision-making of the Board and Board Committees. They had adequately discharged their duties as Directors and provided objective views to the Board and the Management. The Board does not see a need at present to limit the number of board representations for the Directors. Alternate Directors: The Company has no Alternate Director on the Board. Nominee Directors: The NC does not see a need at present for Nominee Directors and has not formulated a policy for such appointments. PRINCIPLE 5: Board Performance Evaluation of the Board, Board Committees and Directors: The NC has established a formal process to review the performance and effectiveness of the Board and Board Committees, as well as the contributions by the Chairman of the Board and each individual Director to the effectiveness of the Board, using key criteria set out in the “Nominating Committee Guide” issued by the SID. Where appropriate, the Board will recommend changes to the evaluation forms to align with prevailing regulations. The NC assesses the performance of the Board and its Board Committees, using objective and appropriate criteria recommended by the NC and approved by the Board. The following forms will be used to assess performance: • Board Performance Evaluation Form • Board Committees Performance Evaluation Form for the AC & RMC, the NC and the RC • Chairman Performance Evaluation Form • Director Peer Performance Evaluation Form
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