At Masteel, strict compliance with all applicable laws and regulations set by regulatory authorities is a fundamental priority. We have established robust monitoring and mitigation measures to proactively identify, assess, and address potential compliance risks, as documented in our Risk Register.

To uphold the highest standards of regulatory adherence, Masteel remains vigilant and responsive to new and evolving compliance requirements relevant to our operations. Our proactive compliance framework includes:

a. Regular compliance assessments using a comprehensive risk reporting checklist to ensure alignment with the latest      regulatory standards.

b. Ongoing monitoring mechanisms to detect and mitigate any emerging risks before they escalate.

c. Routine internal audits and evaluations to reinforce adherence across all operational processes.

As a result of our stringent compliance oversight, Masteel is pleased to report zero instances of non-compliance recorded for FY2024, reinforcing our commitment to corporate governance, regulatory excellence, and operational integrity.