will continue to assess our implementation of IFRS SDS in accordance with the latest SGX guidance. To provide transparency on our climate-related risk exposures and opportunities, this Report is disclosing the Group’s climate-related disclosures in line with IFRS SDS, ahead of SGX’s regulatory timeline of 2030 for non-STI listed companies. We have conducted a preliminary review and gap assessment and adopted IFRS S1 (insofar as they relate to the disclosure of information on climate-related risks and opportunities) and IFRS S2, covering primarily the governance, strategy and risk management disclosure pillars. All greenhouse gas (“GHG”) emissions are reported in line with the GHG Protocol. The Board of Directors (“Board”) has reviewed and approved the reported information, including the material topics. Reporting Scope This SR presents an overview of the Group, encompassing its Singapore headquarters (RIH) and its subsidiaries in Singapore, Oman, Norway, Benin and Germany, namely RIH, MOL, LPA, Akrake and LRG. The reporting scope for the current year has been expanded to include two additional fields, the Schwarzbach and Lauben fields in Germany. While Akrake and Xer do not have quantitative ESG-related data to disclose during the reporting period, relevant qualitative information has been included where applicable. ESG performance data is not included for other operations, joint ventures, or partnerships where the Group does not maintain management and/or operational control. GHG emissions data are disclosed using the equity-share approach. Restatements In FY2025, the Group has restated its previously reported FY2024: Energy, Scope 1, Scope 2 and Scope 3 GHG emissions to reflect updates in (i) the calculation approach applied and (ii) the Group’s equity interest and operational boundary following changes in equity control during the financial year. Internal Review and External Assurance The Group has established internal controls and verification mechanisms to ensure the accuracy and reliability of the narratives and data disclosed within this SR. We have also considered the recommendations of an external ESG consultant for the selection of material topics, as well as compliance with GRI Standards, SGX-ST Listing Rules, including IFRS S1 and S2. Under Rule 711B (3) of the SGX Listing Rules, the Group has subjected the sustainability reporting process to an Internal Audit review. No material issues were identified through this review. The Board has assessed that external assurance is not required for the SR at this juncture. Forward-looking Statements This report includes certain “forward-looking statements” that represent Rex’s perspectives on future events, considering its current and anticipated sustainability strategies as well as the operating environment. These statements inherently involve risks, uncertainties, and assumptions, which may result in actual outcomes differing significantly from those expressed or implied in such forward-looking statements or financial information. Rex disclaims any obligation to publicly update or revise forward-looking statements to reflect changes in expectations, conditions, or circumstances. Availability & Feedback This report is available online at SGXNet and the Company's website www.rexih.com. Stakeholders may send their feedback on this SR to info@rexih.com. 58 Annual Report 2025
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