CORPORATE GOVERNANCE OVERVIEW STATEMENT The Board recognises that sound corporate governance is integral to the discharge of its fiduciary duties in safeguarding and enhancing shareholders’ value while taking into account the stakeholders’ interest. The Board remains committed to upholding effective corporate governance practices throughout the Group in line with the Malaysian Code on Corporate Governance (“MCCG”) and in compliance with the Main Market Listing Requirements (“MMLR”) of Bursa Securities. In line with this commitment, the Board presents this Corporate Governance Overview Statement (“CG Statement”), which provides a concise overview of the application of the following 3 key corporate governance principles set out in the MCCG throughout the Group during FYE 2025: Principle A - Board Leadership and Effectiveness; Principle B - Effective Audit and Risk Management; and Principle C - Integrity in Corporate Reporting and Meaningful Relationship with Stakeholders. This CG Statement is prepared pursuant to Paragraph 15.25(1) of the MMLR and guided by Practice Note 9 of the MMLR. Shareholders are encouraged to read this CG Statement alongside the Company’s Corporate Governance Report 2025 (“CG Report”), which provides detailed disclosures on the application of each corporate governance practice. The CG Report can be accessed on the Bursa Securities’ website or the Company’s website at www.keyfieldoffshore.com/ corporate-governance. PRINCIPLE A: BOARD LEADERSHIP AND EFFECTIVENESS PART I: BOARD RESPONSIBILITIES 1. Board Leadership The Board assumes overall responsibility for the stewardship and performance of the Group, and provides strategic leadership in guiding the Company towards achieving its corporate goals and objectives by providing guidance and direction to the Management, as well as setting the Group’s strategic direction for sustainable growth and business development. In order to ensure effective discharge of its roles and responsibilities, the key responsibilities of the Board include, among others, the following: (i) Review and approve corporate plan and strategic initiatives, including corporate business restructuring or streamlining, strategic alliances, business plans, major action plans and risk management strategies, ensuring they support long term value creation while considering economic, environment and social factors underpinning sustainability; (ii) Oversee the conduct of the Group’s business operations; (iii) Promote good corporate governance culture within the Group which reinforce ethical, prudent and professional behaviour; (iv) Assess and identify the principal risks, set the risk appetite which the Board expects the management to operate, and ensure that there is risk management framework in place; (v) Review the adequacy and integrity of the Group’s internal control system and management information system; and (vi) Ensure the integrity of the Company’s financial and non-financial reporting. 112 KEYFIELD INTERNATIONAL BERHAD 202001038989 (1395310-M)
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