Provision 1.2 (Duties, induction, training and development) The Directors understand the Company’s business as well as their directorship duties (including their roles as executive, non-executive and independent directors). New and existing Directors are provided with induction, training and the opportunities to develop and maintain their skills and knowledge at the Company’s expense. The principal functions of the Board, in addition to carrying out its statutory responsibilities, are as follows: • overseeing the formulation of and approving the Group’s overall long-term strategic objectives and directions, taking into consideration sustainability issues (eg. environmental and social factors); • overseeing and reviewing the management of the Group’s business affairs, financial controls, performance and resource allocation; • establishing a framework of prudent and effective controls to assess and manage risks and safeguard shareholders’ interests and the Group’s assets; • identifying the key stakeholder groups and recognising that their perceptions affect the Company’s reputation; and • setting the Company’s values and standards (including ethical standards) and ensuring that obligations to shareholders and other stakeholders are understood and met. The Company conducts orientation programmes to familiarise new Directors with the Group’s business activities, strategic direction and policies, key business risks, the regulatory environment in which the Group operates and governance practices. Newly appointed Directors also receive a formal letter explaining their duties and responsibilities. A Director who has no prior experience as a director of an entity listed on the SGX-ST will need to undergo training in the roles and responsibilities of a director of an entity listed on the SGXST as prescribed by the SGX-ST within one year from the date of his or her appointment to the Board. The Directors are regularly updated on business and strategic developments, changing commercial risks and key changes in the regulatory environment and accounting standards. In addition, the Board recognises the importance of regular training for the Directors and encourages them to undergo continual professional development. In 2025, the external auditors of the Company briefed the Directors on changes to accounting standards. Provision 1.3 (Board approval) The Board has adopted internal guidelines setting forth the matters reserved for the Board’s decision and given clear directions to the Management on matters that must be approved by the Board. The approval of the Board is required for matters such as corporate restructuring, mergers and acquisitions, appointment of directors, major investments and divestments, material acquisitions and disposals of assets, major operations, approval of periodical financial results announcement and annual audited financial statements, declaration of interim dividends, proposal of final dividends and other return to shareholders and interested person transactions of a material nature. Provision 1.4 (Board committees) To assist in the execution of its responsibilities, the Board has established three Board committees comprising an Audit and Risk Committee (“ARC”), a Nominating Committee (“NC”) and a Remuneration Committee (“RC”) (collectively, the “Board Committees”). These committees function within clearly defined written terms of reference setting out their compositions, authorities and duties. The names of the committee members, the terms of reference, any delegation of the Board’s authority to make decisions and a summary of each committee’s activities, are disclosed in this Annual Report. Provision 1.5 (Board and Board Committee meetings) The Board meets on a regular basis and ad-hoc Board meetings are convened when they are deemed necessary. The Directors attend and actively participate in Board and Board Committee meetings. Directors with multiple board representations ensure that sufficient time and attention are given to the affairs of the Company. The number of Board, Board Committee and general meetings held in 2025 and each Director’s attendances at such meetings are set out below: Board ARC NC RC GM Number of meetings held 4 4 1 1 3 Number of meetings attended Charles Antonny Melati 4 NA 1 NA 3 Dhamma Surya 4 NA 1 NA 3 Ali Hery 4 4 1 1 2 David Yan Kin Pung 4 4 1 1 3 Lee Chee Tak1 4 4 1 1 3 Notes: GM – General Meetings of shareholders including the annual general meeting and extraordinary general meeting (if any) for the year NA – not applicable 1 Mr Lee Chee Tak resigned as Non-Executive and Independent Director on 31 December 2025. Provision 1.6 (Access to information) Management provides Directors with complete, adequate and timely information prior to meetings and on an on-going basis to enable them to make informed decisions and discharge their duties and responsibilities. 25 GEO ENERGY | ANNUAL REPORT 2025
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