Masteel recognises the importance of stakeholder engagement as a core element of effective governance, risk oversight, and value creation. We adopt a structured and systematic approach to identifying and prioritising key stakeholder groups whose interests, expectations, and decisions may reasonably be expected to affect Masteel’s ability to create long-term value. These stakeholders include regulators, investors, employees, customers, suppliers, and local communities.

Masteel maintains formal engagement mechanisms such as structured meetings, town hall sessions, briefings, and public dialogues to facilitate regular, two-way communication and to obtain relevant input on sustainability-related matters. Feedback gathered through these engagements is escalated to management and relevant governance committees, where it is considered in strategic planning, risk assessment, and operational decision-making. This ensures that stakeholder perspectives are appropriately integrated into corporate governance processes and sustainability-related decisions, consistent with IFRS S1 governance expectations.

Stakeholder insights inform the identification and assessment of sustainability-related risks and opportunities, including regulatory developments, market expectations, and social and environmental impacts associated with steel manufacturing. By embedding stakeholder considerations into enterprise risk management and strategy formulation, Masteel enhances its ability to anticipate emerging issues, respond to external expectations, and support long-term business resilience.

Masteel is committed to providing transparency, clear, timely, and decision-useful disclosures on sustainability performance, governance practices, and strategic progress. Through comprehensive reporting and ongoing communication, the Group enables stakeholders to assess how sustainability-related matters are governed, managed, and integrated into Masteel’s long-term value creation strategy.