ESG Report 2025

7 Corporate Governance 4.2 To pursue excellence in corporate governance, the Board of The United Laboratories is responsible for formulating the Group's objectives and strategies and for monitoring the effectiveness of their implementation. The Board is also responsible for approving year-end and interim results, major transactions, director appointments, dividend policy and accounting policies, while overseeing the internal control mechanisms governing the Group's operations. The Board has delegated responsibility and authority for supervising day-to-day operations to the management. All directors receive updates on governance and regulatory matters on a regular basis and may seek independent professional advice in accordance with established procedures to assist them in discharging their duties. The Group has established committees responsible for different areas, including the Remuneration Committee, Audit Committee, Nomination Committee, Risk Management Committee and Sustainability Committee. The United Laboratories International Holdings Limited Ensures a formal and transparent procedure for the formulation of the Board's remuneration policy Composed of three Independent Non-Executive Directors Remuneration Committee Audit Committee Reviews and monitors the Group's financial reporting system and internal control procedures Composed of three Independent Non-Executive Directors Ensures that procedures for the appointment, re-election and removal of directors are fair and transparent. Composed of three Independent Non-Executive Directors and one Executive Director Nomination Committee Oversees and reviews the Group's risk management and internal control systems Composed of three Independent Non-Executive Directors and two Executive Directors Risk Management Committee Formulates, reviews and oversees ESG targets, risks, strategies and management approaches Composed of three Independent Non-Executive Directors and two Executive Directors Sustainability Committee 2025 Environmental, Social and Governance Report