ANNUAL REPORT 2025 | 35 jointly by the Institute of Singapore Chartered Accountants and SAC Capital, to acquire relevant knowledge of what is expected of a listed company director, this being a mandatory requirement under the SGX-ST Listing Manual (the “Mandatory Training”). Completion of the Mandatory Training, which focuses on comprehensive training of company directors on compliance, regulatory and corporate governance matters, should provide the first-time Director with a broad understanding of the roles and responsibilities of a director of a listed company under the requirements of the Companies Act 1967, the Listing Manual and the CG Code. A first-time director need not attend the Mandatory Training if the NRC, in assessing the relevant experience of the director, is satisfied that he/she possesses relevant experience comparable to that of a person who has served as a director of an issuer listed on SGX-ST. Where such an assessment is made by the NRC, the reasons are disclosed in the announcement made on the appointment of the director. Two new Directors, namely Ms Jennifer Young and Ms Wong Su Yen, both of whom have listed company experience, were appointed as IDs of the Company on 7 February 2025. The Company conducted induction training for both Ms Young and Ms Wong as well as for existing Directors who were appointed to various Committees during the year. The Board recognises that it is important for Directors to undergo continual training/development. From time to time, the Directors are provided with updates and/or briefings by professional advisers, auditors, Management and the Company Secretaries in areas such as directors’ duties and responsibilities, corporate governance practices, relevant legislation and regulations, risk management and financial reporting standards. They are also regularly kept informed by the Company Secretaries of the availability of relevant courses, conferences and seminars, including those conducted by the SID, and the Directors are encouraged to attend such training at the Company’s expense. The NRC and the Board were kept informed of the training sessions attended by the Directors during the year. As part of the NRC’s annual assessment of the skills set of the Board and the Committees, the NRC would also recommend further training for the Directors in specific areas, if required, to supplement the regular updates/briefings provided to the Directors from time to time. No such training was recommended by the NRC during the year. During the year, training sessions attended by the Directors included the SID Audit and Risk Committee Seminar 2025, SID Directors Conference 2025, SID SGTI Forum, SID Board Readiness Programme 2024-2025 Mentorship Programme, SID Corporate Governance Roundup 2025, SID Nominating and Remuneration Committee Seminar 2025, briefings and seminars organised by SID, audit professionals, legal professionals, and other consultants in relation to financial, cybersecurity, sustainability and climate reporting matters. In-house seminars were also organised in 2025 and conducted by invited external speakers on the following topics: • Sustainability Forum - Is ESG Losing its Shine – or Transforming for Long-Term and Sustained Growth? • Geopolitical updates; Innovation in business and operating models; AI and Cybersecurity updates; and Leveraging Data. Members of the ARC were also provided with regular briefings from the Company’s external auditors on applicable Accounting Standards during the year. Further to the training courses/programmes and briefing updates, Directors are also at liberty to approach Management should they require any further information or clarification concerning the Company’s operations. 80% of the Board attended various training seminars and workshops in 2025 Accounted for more than 230 training hours in aggregate
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