PRINCIPLE A: BOARD LEADERSHIP AND EFFECTIVENESS (CONT’D) PART III: REMUNERATION 7. Remuneration Policy In line with Practice 7.1 of the MCCG, the Board has established Remuneration Policy which outlines the principles, structure and procedures for determining the remuneration packages of Directors and Senior Management of the Company. This policy aims to attract, motivate and retain talents of high calibre of the Group. In addition, the RC’s Terms of Reference also provide guidance on determining the remuneration for Directors and Senior Management. The remuneration packages for the Executive Directors and Senior Management are linked to corporate and individual performance. For Non-Executive Directors, they shall be paid by a basic fee based on their responsibilities assumed in the Board and Board Committees, their attendance and/or special skills and expertise they bring to the Board. The fee shall be fixed in sum and not based on commissions or a percentage of profits or turnover. The Remuneration Policy was last reviewed and updated by the Board on 15 April 2025. It can be viewed on the Company’s website at www.keyfieldoffshore.com/corporate-governance. 8. RC The RC is responsible for reviewing, recommending and ensuring that remuneration packages for Directors and Senior Management are fair and competitive, as guided by the Remuneration Policy. The RC will also periodically review the Remuneration Policy to ensure its continued relevance and effectiveness. The roles and responsibilities of the RC are defined in its Terms of Reference, which is available on the Company’s website at www.keyfieldoffshore. com/corporate-governance. The RC comprises exclusively of Independent Non-Executive Directors. During FYE 2025, the RC held 1 meeting and the details of the meeting attendance are as below: Position Name Directorship Meeting Attendance Chairman Lim Chee Hwa Independent Non-Executive Director 1 Member Julannar Binti Abd Kadir Independent Non-Executive Director 1 Member Chia Chee Hoong Independent Non-Executive Director 1 To uphold fairness and transparency, each Director abstained from participating in discussion and voting on matters concerning their own remuneration at both RC and Board meetings held during the financial year under review. During FYE 2025, the summary of activities carried out by the RC is as follows: (a) Reviewed and recommended to the Board the Directors’ fees and benefits payable for the period from the conclusion of the forthcoming Fifth AGM to the next AGM for shareholders’ approval at the forthcoming Fifth AGM; (b) Reviewed the proposed bonus payment for the Executive Directors and Key Senior Management of the Company for the FYE 2025 and recommended the same to the Board for approval; (c) Reviewed the proposed salary increment for the Executive Directors and Key Senior Management of the Company and recommended the same to the Board for approval; (d) Reviewed the policies on human resources, compensation and management systems of the Group and recommended the same to the Board for approval; and (e) Reviewed the Terms of Reference of the RC. 121 Annual Report 2025
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