Whistleblowing Policy GRI 2-16, 2-25, 2-26 The Group is committed to operating with transparency and ensuring that employees and stakeholders have a trusted platform to voice their concerns. To support this, we have implemented a Whistleblowing Policy, allowing staff to confidentially report any suspected misconduct related to accounting, financial reporting, business practices, or other significant matters. When such concerns arise, the Group will collaborate with or refer the issue to the Board’s AC for appropriate action, particularly if the matter is expected to have a material impact on the Group’s financial performance or operational outcomes. Additional information can be found in the Corporate Governance section of the Annual Report. There were no incidents of whistleblowing reported in FY2024. Anti-Competitive Behaviour GRI 206-1 As outlined in our Code of Conduct, the Group is committed to upholding the principles of ethical, fair, and robust competition. We promote our products and services based on their merit, exceptional quality, functionality, and competitive pricing. In all business dealings, the Group strives to ensure fair competition, transparently disclosing information relevant to transactions while preventing any competitor from gaining an unfair advantage. We also maintain strict confidentiality concerning pricing and proprietary information, safeguarding the integrity of our competitive practices. Customer Privacy and Data Protection GRI 418-1 We operate in full compliance with Singapore’s Personal Data Protection Act and the European Union’s GDPR, demonstrating our commitment to safeguarding the privacy of our stakeholders. To support this commitment, our Privacy Statement on our corporate website details how we collect, process, disclose, and store personal data. In 2024, the Group implemented a new Data Retention Policy and National Identification Information Policy to ensure enhanced compliance with data privacy regulations, as well as to strengthen internal controls and data management practices. Cybersecurity remains a significant risk in our industry and is a top priority for the Group. In Norway, we have implemented training sessions and emergency response drills to prepare for potential cyber-attacks. Relevant employees also participate in workshops and meetings with cybersecurity experts. In Oman, we have engaged an external contractor to manage our systems’ security. Meanwhile, in Singapore, we have circulated email reminders and a training video on phishing scams to raise awareness of potential cybersecurity threats. In 2024, a series of cybersecurity training programmes were made available to Singapore employees. Alongside our outsourced IT contractor, an internal staff member is dedicated to overseeing cybersecurity matters. As with previous years, the Group encountered several phishing attempts in 2024; however, none significantly affected our operations. We continue to prioritise strengthening security throughout the organisation and fostering vigilance among our employees through continuous cybersecurity training and awareness programmes. There were no reported data breaches in FY2024. Sustainable Supply Chain Management GRI 308-1, 308-2, 414-1, 414-2 The Group acknowledges that sustainability extends beyond its operations to encompass its upstream business partners. To foster sustainability among our contractors and subcontractors, we assess their sustainability performance before engagement. In Oman, all new suppliers are screened against a minimum set of HSE criteria. After being shortlisted, these suppliers are invited to participate in a Request for Quote tender, which is evaluated based on rigorous HSE standards. Consistent with MOL’s HSE requirements, our supplier social assessment process examines each supplier’s commitments, associated risks, service history, quality, cost, delivery, and compliance. In FY2024, no new suppliers were introduced for our operations in Oman. We have confirmed that all current suppliers comply with the relevant laws and regulations, establishing them as suppliers of choice. We assessed a total of 40 suppliers for their environmental impacts, with none identified as having significant or potential adverse effects. Although approximately eight major Rex International Holding Limited 9 9
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