OVERVIEW PERFORMANCE SUSTAINABILITY FINANCIALS APPENDIX 125 124 PERENNIAL HOLDINGS PRIVATE LIMITED ANNUAL REPORT 2025 Sustainability Report Timely Handling of Safety Hazards Beyond preventive measures, Perennial Holdings places strong emphasis on the timely identification and management of safety hazards to prevent minor issues from escalating. Within the eldercare homes, overnight patrols and exit protocols are strictly implemented to ensure resident accountability and safety. Each department appoints a Safety Personnel member to conduct daily walkabouts across eldercare homes and medical centres, identifying potential hazards and addressing safety concerns. These observations are reviewed by a Safety Officer each day to ensure comprehensive oversight. The Safety Officer also leads the monthly Safety Review Meeting, which brings together all departmental Safety Personnel to discuss significant health and safety issues and share best practices. In addition to routine inspections, the Company has established guidelines to prioritise resident safety during emergencies such as: • Outbreak of diseases • Injuries such as slip, trips and falls, burns and abrasions • Fire and other related accidents Conducting Regular Safety Drills Regular safety drills form a core component of Perennial Holdings’ approach to emergency preparedness. All medical personnel are trained in emergency procedures, with their readiness assessed through periodic simulation exercises. Eldercare homes also conduct annual fire evacuation drills, provide ongoing fire safety education, and display safety posters and evacuation plans prominently to support swift and informed decision‑making during emergencies. Safety drills are a cornerstone of Perennial Holdings’ commitment to protecting the well-being of both staff and residents across its eldercare homes. By providing hands-on practice, these drills equip employees with the confidence and skills needed to respond swiftly and effectively in potential emergency situations. To ensure preparedness, Perennial Holdings conducts these drills regularly for both staff and residents. Each exercise is designed to reduce the risk of injury during real-life emergencies and to strengthen a culture of vigilance, safety and resilience within the facilities. Through this proactive approach, Perennial Holdings not only enhances operational readiness but also reinforces its dedication to safeguarding the health and security of everyone in its care. SPOTLIGHT: Ensuring Emergency Preparedness at Eldercare Homes Evacuation Training at Xiehe Eldercare Xijiao Fire Drill at Renshoutang Eldercare Hongqiao First Aid Drill at Yixian Eldercare Fengxian OCCUPATIONAL HEALTH AND SAFETY GRI [3-3] [403-1] [403-2] [403-3] [403-4] [403-5] [403-6] [403-7] [403-9] WHY IS THIS IMPORTANT? Perennial Holdings prioritises occupational health and safety as a fundamental part of its responsibility to employees and stakeholders. By learning from past incidents and maintaining a safe, injury-free work environment, the Company strengthens employee well-being, morale and overall productivity. To uphold these standards, Perennial Holdings has established comprehensive health and safety policies and procedures across both China and Singapore. These frameworks ensure compliance with all relevant laws, regulations and internal safety objectives. The Company’s HSS Policy and supporting SOPs are regularly reviewed to maintain their relevance and effectiveness. In China, tailored SOPs, aligned with local requirements, are provided in a user-friendly guidebook covering key areas such as risk assessment, Work Safety for Production, emergency response and incident reporting channels. Together, these measures reflect Perennial Holdings’ commitment to safeguarding the health and safety of all who work within its premises. What guides Perennial Holdings to manage this? • Workplace HSS policy for properties in Singapore • SOPs on Work Safety and Production in China • Work Safety Guidelines in healthcare facilities Who at Perennial Holdings oversees this? • Perennial Holdings’ HSC • CMTs located at each property in Singapore and China • Safety Officer supported by respective Safety Personnel from various departments FY2025 Targets achieved ✔ Zero fatality rate ✔ Zero incidents of major health and safety issues ✔ All main contractors for new developments to be OHSAS 18001 or ISO 45001 certified ✔ All main contractors of development assets have work injury rate of less than 400 Relevant UN SDGs Safe, Secure & Well at Perennial Holdings Management System Perennial Holdings recognises that workplace injuries are preventable through a strong and well‑structured health and safety management system. To this end, the Company has implemented a health and safety management framework aligned with the internationally recognised ISO 45001 standard. This framework covers all activities across its Singapore assets and applies to all individuals working on-site, including contractors. The health and safety team actively monitors performance across all assets and prepares monthly reports for review by the HSC and management. Management also conducts an annual review of each asset’s health and safety performance, with key outcomes communicated to employees. This structured approach underscores Perennial Holdings’ commitment to transparency and continuous improvement and supports SDG 8 by promoting safe and secure working environments. In FY2025, both the Singapore and China properties met their targets and continue to maintain their certifications. In Singapore, all CMTs successfully retained their bizSAFE Star certification. By upholding high standards in workplace safety, Perennial Holdings’ contributes to SDG 3 by promoting health and injury prevention, and to SDG 8 by supporting decent work conditions and sustained operational resilience. Operational Assets In Singapore, Perennial Holdings supports SDGs 3 and 8 by requiring all its operational assets and their appointed contractors, vendors and service providers to hold at least a bizSAFE Level 3 certification. This requirement demonstrates the capability of each party to implement an effective risk‑management process and maintain safe working environments. The Company tracks the effectiveness of these processes through monthly health and safety reports, which include leading and lagging indicators for each asset. These reports are reviewed by the HSC to ensure strong governance and continuous improvement. As a result of these measures, all operational assets successfully retained their bizSAFE Star certification in FY2025. In China, Perennial Holdings’ operations are guided by Work Safety Standardisation procedures, which include comprehensive SOPs covering emergency response and operational safety. These SOPs outline protocols for managing incidents such as power outages, lift breakdowns and acts of violence within mall premises, and clearly define the responsibilities of relevant personnel during emergencies.
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