Masteel maintains a robust sustainability governance framework to ensure effective oversight, accountability, and integration of sustainability considerations into corporate decision-making. Oversight is provided through the Sustainability Committee and Risk Management Committee, which collectively monitor ESG-related risks, opportunities, performance, and compliance. To further strengthen governance in line with international best practices, Mr. Teo Chee Koon was appointed as Chief Sustainability Officer (“CSO”), with responsibility for overseeing the development, implementation, and continuous improvement of Masteel’s sustainability strategies, policies, and management systems. The CSO is supported by Mr. Dani Khor Kiat Hong, who serves as Deputy Sustainability Officer, ensuring effective execution and coordination across business functions. This governance structure ensures that sustainability-related matters are subject to appropriate leadership oversight, internal controls, and escalation mechanisms, consistent with the governance disclosure objectives of IFRS S1.

In line with IFRS S2, Masteel integrates climate-related considerations into our governance and risk management processes to support climate-resilient and riskinformed decision-making. The CSO plays a central role in overseeing climate strategy, transition planning, and greenhouse gas (“GHG”) management, ensuring alignment with recognised standards and credible emissions reporting methodologies. Climaterelated risks and opportunities, including transition risks associated with decarbonisation and regulatory developments, are assessed within Masteel’s broader enterprise risk management framework and reviewed at the committee level. Masteel’s Sustainability Policy underpins this approach by embedding climate responsibility and emissions management into operational and strategic planning.  Further details on Masteel’s climate governance arrangements, risk assessment processes, and Scope 1,2, and 3 GHG disclosures are provided on page 157-160 of the IFRS S1 & S2 Report, demonstrating how financial and non-financial information is integrated to enhance organisational resilience and support long-term sustainable value creation.