MSTGOLF Annual Report 2025

OUR STRATEGIC CONTEXT 48 CARES Pillar Strategic Intent Key Sustainability Risk Themes Addressed Related Material Matters Empowering Community Engagement Strengthen social value creation through inclusive and responsible engagement. Community expectations, social licence to operate, sport accessibility. Community Give Back and Uplifting, Promoting Golf as a Sport. Sustainable Supply Chain Promote responsible sourcing and supplier accountability across the value chain. Supply chain disruption, ESG compliance gaps, reputational risk. Supply Chain Management, Building Golf Industry. The CARES Sustainability Framework helps the Group organise its material sustainability matters into clear strategic pillars, while supporting alignment between sustainability initiatives and the Group’s broader business objectives. Risk Management Through the CARES Framework MST Golf CARES Framework Caring & Responsible Employer Accountable & Ethical Operations Resilient Environmental Stewardship Sustainable Supply Chain Empowering Community Engagement The CARES Sustainability Framework also supports the Group's risk management approach by linking material sustainability matters to the Group's ERM framework. Through the CARES pillars, the Group is able to: l Identify sustainability-related risks and opportunities l Assess and prioritise sustainability risks l Implement mitigation and improvement initiatives l Monitor sustainability performance indicators l Integrate sustainability risks into enterprise risk management l Support long-term business resilience and value creation This structured approach ensures that sustainability considerations are embedded into strategic planning, operational decision-making, and risk management processes across the Group. The following section sets out the reporting scope, measurement basis, and key assumptions applied in preparing this Sustainability Statement. These disclosures support transparency, comparability, and decision-usefulness for stakeholders. SUSTAINABILITY STATEMENT

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