SECTION 2: OUR STRATEGIC CONTEXT 62 Employee Retention and Turnover MST Golf recognises that retaining skilled and engaged talent is essential to operational continuity and the achievement of long-term sustainability goals. High turnover can lead to increased costs, workflow disruptions, and widening skill gaps. To address this, we remain committed to fair employment practices, competitive compensation, and fostering a supportive work environment that strengthens employee loyalty and future readiness. Employee Benefits To support the commitment to retain a skilled and loyal workforce, MST Golf offers a comprehensive benefits package, which includes medical coverage (outpatient, specialist, hospitalisation, personal accident, and life insurance), various paid leave entitlements (including maternity, paternity, and exam leave), and robust training programmes that support career development and leadership growth. MST Golf also invest in employee engagement through wellness initiatives, recreational activities, and team-building events to foster a positive and inclusive workplace culture. To stay competitive and attract more top talent, we will continue reviewing and enhancing its remuneration and benefits for all employees working within the Group. Parental Leaves In 2024, a total of 32 employees took parental leave, with 100% returning to work after their leave ended. Notably, the post-leave retention rate remained at 98% across 2023 and 2024, underscoring the effectiveness of our support systems in facilitating employee reintegration. Parental Leave 2023 2024 Men Women Total Men Women Total Number of employees entitled to parental leave 148 103 251 175 116 291 Number of employees who took parental leave 21 27 48 22 23 45 Number of employees who returned to work after parental leave ended 21 27 48 22 23 45 Number of employees who returned to work after parental leave ended and were still employees 12 months after their return to work 20 27 47 22 22 44 Return to work rate 100% 100% 100% 100% 100% 100% Retention rate 95% 100% 98% 100% 96% 98% Employee Compensation MST Golf’s structured pay framework aligns salaries with market benchmarks, performance, and company growth, ensuring pay equity across roles and genders. In 2024, the pay ratio between the CEO and the median employee compensation (excluding Singapore and Indonesia employees) improved from 35:1 in 2023 to 28:1. The calculation on the ratio of percentage increase in annual total compensation for the CEO against the median employee, which rose by 10%, is inapplicable this year, as the CEO undertook a salary reduction due to the company’s results. Nonetheless, MST Golf will continue focusing on balanced wage progression across all employee levels by refining the salary structure and progression within grades. SUSTAINABILITY STATEMENT
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