OVERVIEW PERFORMANCE SUSTAINABILITY FINANCIALS APPENDIX 145 144 PERENNIAL HOLDINGS PRIVATE LIMITED ANNUAL REPORT 2025 Sustainability Report Corporate Governance INTRODUCTION Perennial Holdings Private Limited (“Perennial Holdings” or “Company”, together with its subsidiaries, the “Group”) is committed to adopting high standards of corporate governance and regularly reviews and benchmarks its corporate governance framework. Perennial Holdings aims to enhance long-term value creation and recognises that good corporate governance will instill business confidence and is key to the long-term success of the Group. Perennial Holdings is pleased to present its report on corporate governance which describes its corporate governance framework and practices for the financial year ended 31 December 2025 (“FY2025”). Corporate Culture and Core Values An organisation is only as good as its people. As such, the Company and the Board believe in instilling values from the top down in order to ensure excellence. Our core values are teamwork, integrity, CORPORATE GOVERNANCE FRAMEWORK BOARD OF DIRECTORS Mr Pua Seck Guan Mr Ron Sim Mr Fang Fenglei Mr Kuok Khoon Hong Ms Teo La-Mei Ms Noorsurainah Tengah Mr Suwatchai Songwanich Mr Yang Huanan (Alternate Director to Mr Fang Fenglei) Mr Lau Teck Sien (Alternate Director to Ms Noorsurainah Tengah) Nominating and Remuneration Committee Corporate Disclosure Committee Executive Committee Key Objective: Recommend appointment of Directors, review board profile, oversee remuneration packages of Key Management Personnel and set appropriate remuneration framework and policies. Key Objective: Review the promptness and adequacy of disclosures and to approve the public release of material information. Key Objective: Assist the Board in the approval of key strategic decisions. Chairman: Mr Kuok Khoon Hong Members: Mr Ron Sim Mr Fang Fenglei Members: Ms Teo La-Mei Mr Pua Seck Guan Chairman: Mr Kuok Khoon Hong Members: Mr Ron Sim Mr Yang Huanan Mr Pua Seck Guan excellence and sustainability, and the Company and the Board strive to build a culture where everyone in the Group works together to build an organisation that exemplifies these values. The Company prioritises teamwork by creating an environment where open communication, mutual respect and shared goals are key to its operations. Town hall meetings are conducted annually to share key organisational updates, outline upcoming priorities, and engage employees through open dialogue. They also provide a platform for staff to raise questions and share feedback, reinforcing transparency and collaboration across the organisation. Through regular activities such as team bonding sessions, as well as fitness and wellness programs, the Company strives to uphold its core value of teamwork. Apart from keeping employees happy and healthy, these also ultimately lead to enhanced productivity. THE BOARD’S CONDUCT OF AFFAIRS The Board is collectively responsible for the long-term success of the Group. The Directors collectively and individually exercise professional judgement in dealing with the business affairs of the Group and make decisions which are in the best interests of the Group. As part of providing overall leadership to the Group, the Board also sets the appropriate tone from the top by being a strong advocate of responsible conduct and good ethical behaviour while carrying out the Group’s business activities. The Board also advises the management team (“Management”) on the desired culture of the Group, monitors Management’s implementation of such culture and ensures there is proper accountability within the Group. Non-Executive Directors also confer among themselves, without the presence of Management, as and when the need Material Topics GRI Standard Disclosure Section of Report and / or Explanation for Omission Page Reference Occupational Health and Safety GRI 403: Occupational Health and Safety 2018 403-5 Worker training on occupational health and safety Occupational Health and Safety 125-130 403-6 Promotion of worker health Occupational Health and Safety 125-130 403-7 Prevention and mitigation of occupational health and safety impacts directly linked by business relationships Occupational Health and Safety 125-130 403-9 Work-related injuries Occupational Health and Safety 125-130 Health and Safety of Stakeholders GRI 3: Material Topics 2021 3-3 Management of material topics Health and Safety of Stakeholders 122-124 GRI 416: Customer Health and Safety 2016 416-2 Incidents of Non-Compliance Concerning the Health and Safety Impacts of Products and Services Health and Safety of Stakeholders 122-124 Our People GRI 3: Material Topics 2021 3-3 Management of material topics Our People 131-135 GRI 401: Employment 2016 401-1 New employee hires and employee turnover Our People 131-135 GRI 404: Training and Education 2016 404-1 Average hours of training per year per employee Our People 131-135 GRI 405: Diversity and Equal Opportunity 2016 405-1 Diversity of governance bodies and employees Our People Diversity of governance bodies can be found in Annual Report: Corporate Governance 131-135 145-154 Material Topics GRI Standard Disclosure Section of Report and / or Explanation for Omission Page Reference Energy, GHG Emissions and Alternate Energy Sources GRI 3: Material Topics 2021 3-3 Management of material topics Energy, GHG Emissions and Alternative Energy Sources 112-114 GRI 302: Energy 2016 302-1 Energy consumption within the organisation Energy, GHG Emissions and Alternative Energy Sources 112-114 302-3 Energy Intensity Energy, GHG Emissions and Alternative Energy Sources 112-114 GRI 305: Emissions 2016 305-1 Direct (Scope 1) GHG Emissions Energy, GHG Emissions and Alternative Energy Sources 112-114 305-2 Energy indirect (Scope 2) GHG Emissions Energy, GHG Emissions and Alternative Energy Sources 112-114 305-4 GHG emissions intensity Energy, GHG Emissions and Alternative Energy Sources 112-114 Water Management GRI 3: Material Topics 2021 3-3 Management of material topics Water Management 115-116 GRI 303: Water and Effluents 2018 303-1 Interactions with water as a shared resource Water Management 115-116 303-2 Management of water discharge-related impacts Water Management 115-116 303-3 Water withdrawal Water Management 115-116
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