SOILBUILD CONSTRUCTION GROUP LTD. ANNUAL

Risk Management

Corporate Governance Report The Directors are also provided with updates and/or briefings from time to time by professional advisers, auditors, Management and the Company Secretary in areas such as Directors’ duties and responsibilities, corporate governance practices, risk management matters and changes in financial reporting standards. The Company also encourages and where appropriate, arrange for training courses to supplement and keep Directors updated on areas such as accounting, legal and industry–specific knowledge. The Company is responsible for funding the training of Directors. In the financial year ended 31 December 2024 (“FY2024”), the external auditors, Company Secretary, Executive Director and Group CEO; and Group Financial Controller (“Group FC”) briefed the AC and the Board on amendments to the accounting and governance standards, regulatory updates and the Group’s business and strategy respectively. All board members have also attended the mandatory training on sustainability matters prescribed by the SGX. The Board meets at least two times a year with additional meetings convened as and when necessary. Fixed meetings are scheduled at the start of each financial year. The Company’s Constitution allows Board meetings to be conducted by way of telephone conferencing or other methods of simultaneous communication by telegraphic or electronic means, whereby all persons participating in the meeting are able to communicate as a group without requiring the Directors’ physical presence at the meeting. The Board and the NC regularly review whether the Directors with multiple board representations have sufficient time and attention given to the Group’s affairs, details of which as set out below. Each Board member brings with him/her independent judgement, diversified knowledge and experience when dealing with issues of strategy, performance, resources and standards of conduct. The matrix on the frequency of the Board and Board Committee meetings and the attendance of Directors at these meetings during the financial year ended 31 December 2024 is disclosed below: MEETING OF Board AC NC RC Total meetings held 2 4 2 1 Total meetings attended: Lim Chap Huat 2 4* 1* 1* Lim Han Ren 2 4* 1* 1* Lim Cheng Hwa 2 4* 2* 1* Chee Wee Kiong 2 4 2 1 Ng Fook Ai Victor 2 4 2 1 Teo Chee Seng(1) – – 1 – Chiam Tao Koon 2 4 2 1 * Attendance by invitation of the relevant Bo