ANNUAL REPORT 2025 99 CORPORATE GOVERNANCE REPORT Based on the details so provided, the CPD training undertaken by the Directors during the year is summarised as follows, representing an average of approximately 34 hours undertaken by each Director during the year: AREAS NAME OF DIRECTOR DIRECTORS’ DUTIES/ INDUSTRY TRENDS/ GROUP’S BUSINESSES LEGAL AND REGULATORY CORPORATE GOVERNANCE / SUSTAINABILITY PRACTICES FINANCIAL REPORTING / RISK MANAGEMENT AND INTERNAL CONTROLS DIGITAL / INFORMATION TECHNOLOGY APPROXIMATE NUMBER OF HOURS OF CPD TRAINING COMPLETED IN 2025(1) Chairman and Non-executive Director Mr. Lai Kai Ming, Dominic 47 hours Executive Director Mr. Ip Sing Chi 29 hours Non-executive Directors Ms. Edith Shih 29 hours Ms. Lee Tung Wan, Diana 21 hours Independent Non-executive Directors Prof. Chan Fan-cheong, Tony 26 hours Dr. Fong Chi Wai, Alex 24 hours Ms. Im Man Ieng 86 hours Mr. Lee Kah Lup 27 hours Ms. Seah Bee Eng (alias Jennifer Loh) – – 18 hours (1) The total number of hours included both the trainings provided by the Trustee-Manager and other CPD trainings undertaken by the Directors. All the Directors of the Trustee-Manager attended the mandatory sustainability training prescribed by SGX-ST. In addition, Ms. Im Man Ieng (appointed in December 2024) attended the mandatory training prescribed by Rule 210(5)(a) of SGX-ST Listing Manual during the year 2025. Board Composition and Guidance Principle 2 Board Independence The Trustee-Manager recognises that Board independence and diversity of thoughts and background would enable the Board to make decisions in the Group’s best interest. The current composition of the Board (comprising a majority of independent and non-executive Directors) and the AC (comprising all independent non-executive Directors) complies with the requirements of the Code, the BTA, the BTR and the SGX-ST Listing Manual. Board appointment has been, and will continue to be, made based on merit and the contribution such appointment can bring to the Board as a whole, taking into account the following principles: (a) The majority of Board members should be non-executive and independent Directors; (b) The chairman of the Board should be a non-executive Director; (c) At least a majority of the Directors should be independent from management and business relationships with the Trustee-Manager and from every substantial shareholder of the Trustee-Manager; and (d) The Board should comprise Directors with a wide range of commercial and management experience, which provides an appropriate balance of diversity of skills, experience, gender and industry knowledge.
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