PRINCIPLE A: BOARD LEADERSHIP AND EFFECTIVENESS (CONT’D) PART I: BOARD RESPONSIBILITIES (CONT’D) 3. Business Ethics and Integrity (Cont’d) As a complement to the Code and ABC Policy, the Group has also established a Whistleblowing Policy (“Whistleblowing Policy”) to reinforce its commitment to ethical and legal business conduct. This Whistleblowing Policy provides a confidential channel for individuals with genuine concerns to report suspected wrongdoing, fraud, misconduct or malpractices without fear of victimisation, retaliation or harassment. Whistleblowers may report to the Whistleblowing Committee by filling a Whistleblowing Report Form (as annexed in Appendix I of the Whistleblowing Policy) via email to whistleblowing@keyfieldoffshore.com. Alternatively, the reports may be made directly to the ARMC Chairperson via web-form available on the Company’s website at www.keyfieldoffshore.com/whistle-blowing-direct. Pursuant to Paragraph 15.01A of the MMLR, the Board has in place a Fit and Proper Policy to ensure that the Board comprises individuals of high calibre who possess the right character, experience, expertise, integrity, track record and qualifications. The Board, assisted by the NC, assesses candidates seeking for appointment or re-election in accordance with the Fit and Proper Policy. Further, the Board has adopted a Corporate Disclosure Policy as a clear guidance on the timely and appropriate dissemination of material information to stakeholders, including investors, regulators and the public. The Company utilises various communication channels to facilitate effective information disclosure, including Bursa announcements, general meetings, the Annual Report, the Company’s website, press conferences and media releases, as well as telephone, email and postal correspondence, or such other means as may be considered appropriate. The Code, ABC Policy, Whistleblowing Policy, Fit and Proper Policy and Corporate Disclosure Policy are publicly available on the Company’s website at www.keyfieldoffshore.com/corporate-governance. 4. Sustainability Governance The Board recognises the importance of sustainable business practices in creating long term value and strengthening business resilience. As stated in the Board Charter, the Board is responsible for overseeing the Group’s sustainability management, including reviewing and approving strategic initiatives aligned with sustainability principles, encompassing environmental, social and governance (“ESG”) considerations. The Board is supported by the ARMC and the Sustainability Steering Committee (“SSC”). The ARMC oversees the adequacy and effectiveness of the Group’s risk management and sustainability framework, while the SSC provides guidance to the Sustainability Working Committee (“SWC”) in implementing sustainability-related strategies and initiatives. The SWC, comprising Heads of Department (“HODs”), is responsible for the daily execution, data collection, and monitoring of sustainability initiatives. On top of that, the Board has designated Ms. Lim Kim Lee as the Chief Compliance and Costing Officer of the Company to lead the Group’s governance, risk management, compliance and sustainability initiatives. She is also a member of the SSC. The Board also recognises the importance of regular engagement with both internal and external stakeholders in shaping the Group’s sustainable strategies and priorities. Such engagements enable the Group to have better understanding on the needs and expectations of stakeholders, thereby improving the Group’s sustainability. Further details on the Group’s sustainability approach, including the integration of ethical governance, environmental stewardship and social responsibility (“EES”) considerations into the Group’s operations, are set out in the Sustainability Statement in this Annual Report. 115 Annual Report 2025
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