ESG Report 2024

Corporate Governance 5.1 To implement excellent corporate governance, the Board of the Group is responsible for setting the Group's objectives and strategies and monitoring their performance. The Board also makes decisions on annual and interim financial results, major transactions, director appointments, dividends, and accounting policies, among other matters, and oversees the internal control procedures of the Group's operations. The Board has delegated the responsibility and authority for overseeing day-to-day operations to management. All Directors receive regular updates on governance and regulatory matters and may seek independent professional advice in accordance with established procedures to assist them in fulfilling their responsibilities. The Group has established committees responsible for various areas, including the Remuneration Committee, Audit Committee, Nomination Committee, Risk Management Committee, and Sustainability Committee. Ensure there is a formal and transparent process for policies setting on Directors' remuneration Comprises of 3 INEDs Remuneration Committee Reviews and monitors the Group's finalcial reporting system and internal control procedures Comprises of 3 INEDs Audit Committee Enusre fair and transparent procedures for the appointment, re-election and removal of directors Comprises of 3 INEDs Nomination Committee Oversees and reviews the Group's risk management and internal control system Comprises of 2 INEDs and 2 EDs Risk Management Committee Develop, review monitor ESG targets, risks, strategies and management approaches Comprises of 3 INEDs and 2 EDs and Sustainability Committee Notes: 1 . INED: Independent Non-Executive Director 2 . ED: Executive Direcor 12 Environmental, Social and Governance Report 2024 The United Laboratories International Holdings Limited