DIRECTORS’ STATEMENT 5 AUDIT AND RISK COMMITTEE The members of the audit and risk committee of the Company (the “Audit and Risk Committee”) as at the date of this statement are: Ali Hery (Chairman of the Audit and Risk Committee and Independent Director) David Yan Kin Pung (Lead Independent Director) Tai Mern Tze (Independent Director) The Audit and Risk Committee carries out the functions specified in section 201B (5) of the Singapore Companies Act. The main functions of the Audit and Risk Committee includes the following: (i) review the annual consolidated financial statements and the external auditors’ report on those financial statements, and discuss any significant adjustments, major risk areas, changes in accounting policies, compliance with Financial Reporting Standards in Singapore, concerns and issues arising from their audits, including any matters which the auditors may wish to discuss in the absence of management, where necessary, before submission to the board of directors (the “Board”) for approval; (ii) review the periodic consolidated financial statements comprising the statements of comprehensive income and statements of financial position and such other information required by the Singapore Exchange Securities Trading Limited Listing Manual (the “SGX-ST Listing Manual”), before submission to the Board for approval; (iii) make recommendations to the Board on the proposals to the shareholders on the appointment, re-appointment and removal of the external auditors, and approve the remuneration and terms of engagement of the external auditors; (iv) review any interested person transactions falling within the scope of Chapter 9 of the SGX-ST Listing Manual; (v) review any potential conflicts of interest; (vi) review the policy and arrangements by which employees of the Group and any other persons may, in confidence, raise concern to the Chairman of the Audit and Risk Committee about possible improprieties in matters of financial reporting or other matters and ensure that there are arrangements in place for such concerns to be raised and independently investigated, and for appropriate follow-up action to be taken. To disclose the existence of a whistle-blowing policy in the Annual Report and disseminate the procedures and channel for raising such concerns; (vii) undertake such other reviews and projects as may be requested by the Board, and report to the Board its findings from time to time on matters arising and requiring the attention of the Audit and Risk Committee; (viii) review and recommend hedging policies and instruments, if any, to be implemented by the Company to the Board; (ix) enquire the status of the existing Qualifying Assets (as defined in the Company’s prospectus dated 10 October 2012 (the “Prospectus”)) and determine if any of the Qualifying Assets should be removed from the QA List (as defined in the Prospectus); (x) review and approve the Promoter Interest Register (as defined in the Prospectus); and (xi) undertake generally such other functions and duties as may be required by law or the SGX-ST Listing Manual, and by such amendments made thereto from time to time. The Audit and Risk Committee has recommended to the directors that Deloitte & Touche LLP be nominated for re-appointment as external auditors of the Group at the forthcoming annual general meeting of the Company. 6 AUDITORS The auditors, Deloitte & Touche LLP, have expressed their willingness to accept re-appointment. ON BEHALF OF THE DIRECTORS Charles Antonny Melati Dhamma Surya Date: 25 March 2026 47 GEO ENERGY | ANNUAL REPORT 2025
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