17 ANNUAL REPORT 2024 CHAIRPERSON’S MESSAGE (cont’d) REWARDING OUR SHAREHOLDERS We extend our deep gratitude to our shareholders for their support during our listing debut and throughout the past year. For FYE 2024, the Group declared a total dividend of 11.0 sen per ordinary share, amounting to RM88.3 million in total dividends. This represents a 38.9% payout ratio over our profit after tax attributable to owners of the Company or PATAMI, nearly double of the Group’s 20.0% target dividend payout ratio, underscoring our commitment to delivering shareholder value while maintaining robust financial health. CORPORATE GOVERNANCE The Board is fully committed to upholding the highest standards of corporate governance, transparency, and accountability as set out in the Malaysian Code on Corporate Governance (“MCCG”). As a newly listed company, we are cognisant of the trust placed in us by our shareholders and the investing public, and we remain steadfast in honouring that trust. Our Board maintains full compliance with MCCG requirements, with female Directors representing 33.3% of our Board composition, demonstrating our commitment to gender diversity. We are pleased to report that Independent Non-Executive Directors currently comprise 66.7% of our Board, exceeding the minimum MCCG requirement of 50%. This composition is designed to enhance transparency and objectivity in Board decisions, with Independent Directors playing a crucial role in providing unbiased perspectives. Details on our corporate governance are further described in Keyfield’s Corporate Governance Overview Statement of this Annual Report as well as Corporate Governance Report. SUSTAINABILITY We are also proud to present our inaugural Sustainability Statement, which is incorporated in this Annual Report, marking a significant step in our environmental, social and governance (“ESG”) journey. We developed a robust ESG Strategy anchored on 3 core sustainability pillars, supported by our newly established Sustainability Policy and Governance Structure to ensure accountability and alignment with longterm goals. We embraced 8 United Nations Sustainable Development Goals (“UN SDGs”) to align with global objectives and conducted a materiality assessment to identify and prioritise key sustainability issues. At the core, we look into the monitoring of Scope 1, 2, and 3 greenhouse gas emissions to comprehensively assess our carbon footprint and aim to monitor this data to identify trends and drive continuous improvement in our emissions management efforts. Keyfield's commitment to sustainable practices is further exemplified by the installation of a solar hybrid system with an integrated battery energy storage system onboard our largest vessel, Keyfield Wisdom. This initiative reduces the vessel’s reliance on generator sets, lowering fuel consumption and carbon emissions, and has earned Keyfield Wisdom a place in the Malaysia Book of Records for hosting the most solar panels with battery storage on an offshore vessel.
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