The Board The Board is responsible for overseeing the Group’s corporate governance. Its principal functions include: • Guiding the Group’s long-term strategic objectives and direction, with due consideration of sustainability matters; • Overseeing the management of business operations, financial controls, performance, and resource allocation; • Establishing prudent and e!ective controls to assess and manage risks, safeguard shareholders’ interests, and protect the Group’s assets; and • Setting Geo Energy’s values and standards, including ethical standards, ensuring that obligations to shareholders and other stakeholders are understood and fulfilled. The Board has established three dedicated committees, each tasked with specific governance and decision-making functions. Audit and Risk Committee The Audit and Risk Committee (ARC) is responsible for reviewing the Group’s top risks, including climate-related risks identified by the ERM Working Group. The ARC also evaluates and approves the adequacy and e!ectiveness of Geo Energy’s risk management framework and internal controls for key risks, including those related to climate. Nominating Committee The Nominating Committee (NC) is responsible for the selection, appointment, and re-appointment of directors. In this process, the NC reviews and shortlists candidates with relevant expertise and experience, while ensuring they demonstrate an understanding of key climate issues a!ecting the coal industry and Geo Energy’s operations. Remuneration Committee The Remuneration Committee (RC) reviews and recommends the remuneration framework for the Board and key management personnel, ensuring that rewards are aligned with both corporate and individual performance. As at the date of this report, the Board comprises five directors, three of whom are independent. The composition of the Board is as follows: • Mr Charles Antonny Melati (Group Executive Chairman and CEO) • Mr Dhamma Surya (Executive Director) • Mr David Yan Kin Pung (Lead Independent Director) • Mr Ali Hery (Independent Director) • Mr Tai Mern Sze (Independent Director) (appointed on 2 March 2026) ERM Working Group The ERM Working Group, comprising the Group CEO, Group CFO, and various Heads of Department identifies sustainability and climate-related risks and opportunities across our operations, enabling the Group to develop tailored solutions that support strategic objectives. The ERM Working Group conducts regular risk assessment updates to help management identify strategic, financial, operational, IT, and regulatory and compliance risks that may hinder the achievement of the Group’s business goals and recommends appropriate mitigation measures. Designated Risk Owners are responsible for monitoring and managing these risks. The top risks, along with the full risk register, are presented to the ARC and the Board for review and approval. Nomination Process of Board of Directors GRI 2-10 The NC collaborates closely with the Board in the selection, appointment, and re-appointment of Directors. To identify qualified and experienced candidates, the NC leverages executive recruitment services, recommendations, and professional networks. The NC reviews candidates’ résumés, evaluates their skills, knowledge, and experience, conducts interviews with shortlisted candidates, and recommends the most suitable individuals to the Board for approval. In line with our commitment to sustainability, candidates are expected to demonstrate awareness of key ESG issues impacting the coal industry and Geo Energy’s operations. Board appointments are formalised through a Board resolution. 13
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