DIRECTORS’ STATEMENT At beginning of financial year Options granted during the financial year Options forfeited during the financial year Options exercised during the financial year At end of financial year Exercise price per share (S$) Exercisable period 24 May 2023 33,786,500 - (124,500) (18,782,500) 14,879,500 0.27 24 May 2024 to 23 May 2033 At beginning of financial year Options granted during the financial year Options exercised during the financial year At end of financial year Charles Antonny Melati 7,200,000 - (7,200,000) - Dhamma Surya 2,400,000 - (2,400,000) - 9,600,000 - (9,600,000) - Following certain amendments to the rules relating to the Schemes (the “Rules”) that were adopted by the Company’s shareholders at the Annual General Meeting held on 28 April 2023, the Company’s controlling shareholders and their associates may now participate in the Schemes if they meet the relevant eligibility criteria and provided that any proposed grant of options or awards under the Schemes to any of them is approved by the directors and the independent shareholders of the Company and that such grant does not exceed the limits set out under the Rules and the listing rules of The Singapore Exchange Securities Trading Limited. Subject to the rules of the Share Option Scheme, options granted under the Share Option Scheme shall be exercisable as follows: (a) in the case of options exercisable at a price equal to the average of the last dealt prices for the shares of the Company on The Singapore Exchange Securities Trading Limited over the five consecutive market days immediately preceding the date of offer of the options (the “Market Price”), a period commencing after the first anniversary of the date of offer and expiring on the tenth anniversary of the date of offer; and (b) in the case of options exercisable at a discount to the Market Price (subject to a maximum discount of 20% of the Market Price), a period commencing after the second anniversary of the date of offer and expiring on the tenth anniversary of the date of offer, provided that options shall be exercised, in the case where the options are granted to employees of the Company and its subsidiaries, before the end of ten years from the date of offer or in the case where the options are granted to nonexecutive directors of the Company and employees of any associated company, before the end of five years from the date of offer. On 24 May 2023, the Company granted an aggregate of 35,293,000 share options to eligible directors and employees of the Company and its subsidiaries pursuant to the Share Option Scheme at an exercise price of S$0.27 per share. On 24 May 2024, the share options became exercisable. As at 31 December 2024, 33,786,500 share options were outstanding. In 2025, share options granted of 124,500 were forfeited as the option holders ceased to be full time employees of the Group, while 18,782,500 share options were exercised. As at 31 December 2025, 14,879,500 share options remained outstanding. The grant of such options and the exercise thereof are subject to the rules of the Share Option Scheme. No employee of the Company and its subsidiaries has received 5% or more of the total options available under the Share Option Scheme. No options have been granted at a discount. The number of outstanding share options under the Share Option Scheme are as follows: Holders of the above share options have no right to participate in any share issues of any other company by virtue of the option. No employee or employee of related corporations has received 5% or more of the total options available under this Scheme. The information on directors of the Company participating in the Schemes is as follows: 46
RkJQdWJsaXNoZXIy NTkwNzg=