CORPORATE GOVERNANCE REPORT Rex International Holding Limited 149 1207(8) Material Contracts Save as announced via SGXNet on 25 September 2025, in respect of the various interested persons’ transactions entered into between the Group and certain interested persons and save as disclosed in this Annual Report, there were no material contracts or loans entered into by or taken up by the Group involving the interest of the CEO, any Directors, or controlling shareholders which are either still subsisting at the end of FY2025 or if not then subsisting, entered into since the end of the previous financial year ended 31 December 2024. 1207(10) Confirmation of Adequacy of Internal Controls The Board and the AC are of the opinion that the internal controls are adequate and effective to address the financial, operational, compliance and information technology risks, and risk management systems which the Group considers relevant and material to its current business scope and environment based on the following: • Assurance has been received from the CEO, the CFO and key management personnel that are responsible for the adequacy and effectiveness of the Group’s risk management and internal control systems; • An internal audit has been done by the IA and significant matters highlighted to the AC and Management were appropriately addressed; • Management regularly evaluates, monitors and reports to the AC and the RMC on material risks; • Discussions were held between the AC and auditors in the absence of the Management to review and address any potential concerns; • An enterprise risk management framework is in place to identify, manage and mitigate significant risks, including climate-related risks and opportunities; and • Risk appetite statements with tolerance limits have been approved by the Board to contain risks within acceptable levels and are monitored on an annual basis. The Board notes that the system of internal controls and risk management provides reasonable, but not absolute assurance that the Group will not be adversely affected by any event that could be reasonably foreseen as it works to achieve its business objectives. In this regard, the Board also notes that no system of internal controls and risk management can provide absolute assurance against the occurrence of material errors, poor judgement in decision making, human error, losses, fraud or other irregularities. 1207(10A) There are no family relations between the Executive Chairman and the past and present CEOs of the Company. 1207(10C) The AC is of the view that the Company’s internal audit function is independent, effective and adequately resourced.
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