CORPORATE GOVERNANCE REPORT 134 Annual Report 2025 Key Management Personnel’s Remuneration 8.1 (b) The breakdown for the remuneration of the Company’s key management personnel for FY2025 is disclosed in bands of S$250,000, and in respect of employees who are substantial shareholders, or immediate family members of a Director, the CEO or a substantial shareholder, in bands of S$100,000, as follows: Name of Key Management Personnel Fixed Salary % PerformanceRelated Bonus % Benefits In Kind % Others(2) % Total % S$1,500,001 to S$1,750,000 Per Lind 71 – 25 4 100 S$1,250,001 to S$1,350,000 Svein Kjellesvik(1) 100 – – – 100 S$250,001 to S$500,000 Mok Lai Siong 99 – 1 – 100 (1) Remuneration is paid indirectly from various Group companies. (2) Others include fees paid/payable for directorship in subsidiaries. For FY2025, there were three key management personnel in the Company who are not directors of the Company or the CEO. In November 2025, the Company announced that the CEO was taking a medical leave of absence. As such, Mr Per Lind, the Company’s CFO, assumed the additional role of Interim CEO. The disclosure in this section relates to Mr Lind’s remuneration in his capacity as CFO. The annual aggregate remuneration paid to the top three key management personnel of the Company for FY2025 was S$3,170,786. There were no termination, retirement or post-employment benefits (excluding CPF) granted to the top three key management personnel in FY2025. 8.2 Substantial Shareholder and Immediate Family Members of a Director or the CEO or Substantial Shareholder The details of the remuneration to Mr Svein Kjellesvik (a key management personnel of the Group and a substantial shareholder of the Company), Mr Måns Lidgren (CEO and son of Dr Karl Lidgren, a substantial shareholder of the Company) and Dr Mathias Lidgren (Non-Independent Non-Executive Director of the Company, son of Mr Hans Lidgren, a substantial shareholder of the Company) are disclosed in the tables under Provisions 8.1(a) and 8.1(b). Dr Karl Lidgren, the Group’s Senior Advisor, is a substantial shareholder of the Company, the brother of substantial shareholder Mr Hans Lidgren, father of Mr Måns Lidgren, the CEO, and uncle of Dr Mathias Lidgren, Non-Independent Non-Executive Director. Dr Karl Lidgren’s remuneration for FY2025 was in the band of S$200,001 to S$300,000. Mr Hans Lidgren, an executive of Rex Technology Investments Pte. Ltd. is a substantial shareholder of the Company, the brother of substantial shareholder Dr Karl Lidgren, father of Dr Mathias Lidgren, Non-Independent Non-Executive Director, and uncle of Mr Måns Lidgren, the CEO. Mr Hans Lidgren’s remuneration for FY2025 was in the band of S$100,001 to S$200,000.
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