The Board of Directors is committed to upholding high standards of corporate governance which are fundamental to the long-term sustainability and performance of the Group. We believe that strong corporate governance principles and practices will enhance corporate transparency, accountability, performance and integrity, while safeguarding and promoting shareholder value.

The Listing Manual of the Singapore Exchange Securities Trading Limited (SGX-ST) requires all listed companies to describe, in their annual reports, their corporate governance practices, with specific reference to the principles of the Code of Corporate Governance 2018, as last amended on 11 January 2023 (the Code).

In this annual report, the Group has reviewed and disclosed its corporate governance practices and measures adopted to comply with the Code, where appropriate. These are presented in a tabular format, with explanations provided for any deviations from the Code, taking into account the accompanying Practice Guidance.

The Board is pleased to confirm that for the financial year ended 31 December 2025, the Company has complied with the principles set out in the Code. Where any provisions were not fully complied with, the reasons and how the Company's practices remain aligned with the aim and philosophy of the principles are disclosed.

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