TCFD Recommended Disclosures FY2024 Status Summary and Next Steps Governance Describe the Board’s oversight of climaterelated risks and opportunities Met Climate risks and opportunities were discussed and identified by the senior management based on the TCFD framework. In addition to the identified risks and opportunities, the Management has articulated their risk mitigation plans and strategies, which were presented to the Board. The Board has collectively reviewed and approved the climate risks and opportunities identified by the Management. In mitigating the impact of climate change, the Board endeavours to implement and continuously fine-tune its sustainability governance structure by engaging the assistance of our Management and operational leadership teams to oversee our climate mitigation strategies. The Board will be updated on the progress of the Group’s mitigation and strategy against the identified climate risks and opportunities at least once a year or whenever necessary. Describe Management’s role in assessing and managing climaterelated risks and opportunities Met The identification of climate related risks and opportunities was undertaken by the management team. The Management will be supporting the Board to implement the identified climate-related strategies, together with the support of the operational leadership teams across the oil exploration and production process. The operational leaders and the Group’s Management will regularly review the progress and strategies within the operations to ensure that the strategies are implemented accordingly. For critical decisions pertaining to sustainability that might present risks or opportunities to the Group’s operations, the Management and operational leaders will oversee the decision making. Rex International Holding Limited 7 5
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