ASMPT Ltd

The Group's robust governance structure, which is embedded at all levels of the Group, is organised as follows: ASMPT's Board of Directors consists of ten directors as at 31 December 2023. Among them, two are female, including the Chairman and an independent non-executive director. The Board's has six independent non-executive directors, two non-executive directors, and two executive directors. Each member of the Board brings a wealth of experience and expertise in various fields such as finance, business, legal, technical, and industrial sectors. The Executive Committee (EXCO) comprises the Group Chief Executive Officer and other senior management members of the Group. The Strategic Risk Review Committee (SRRC) includes senior executives from key functions across the organisation. They are responsible for identifying and analysing both external and internal strategic risks faced by the Group. The Climate-Related Risk Task Force consists of staff from different regions and functional groups. They are responsible for assessing and reporting climate-related risks and opportunities within the Group. The international cross-functional ESG Coalition consists of staff who work with the ESG Team to formulate and implement ESG-related practices along the front lines. The ESG Team operates as a dedicated unit under the leadership of Guenter Lauber, Executive Vice President and Chief Strategy and Digitalisation Officer. It formulates and implements ESG strategy, as well as provides guidance on the Group's overall ESG-related practices. The responsibilities for each group are detailed below. For more information on ASMPT's corporate governance and risk management practices for the 2023 financial year, please refer to the Group's 2023 Annual Report. [...] ESG and Climate-related risk governance structure Board of Directors - Oversee the ESG strategy, policies, implementation and matters, with a view to the corporate objective of growing responsibly in the interest of all stakeholders. - Communicate with the EXCO to set up ESG-related goals and track progress. - Develop and review Group policies and practices on corporate governance, including the Group risk management framework. - Evaluate and determine the nature and extent of the risks and mitigation actions the Group is willing to accept in achieving its strategic objectives. - Ensure that the Group establishes and maintains an appropriate and effective climate-related risk management system. EXCO - Provide strategic direction, implementation guidance and resources for the Group's ESG strategy and actions. - Evaluate and review long-term business and organisational goals. - Approve and endorse overall enterprise risk and mitigation plans and actions. - Assess the effectiveness of the Group's risk control and management systems. SRRC ESG Team - Identify and analyse strategic external and internal risks facing the Group. - Incorporate TCFD-aligned ESG risk analysis into the enterprise risk management framework. - Review recommendations from the Task Force. - Formulate, implement and monitor the Group's ESG policies and practices. - Provide guidance on ESG strategy and compliance, assess ESG related risks and opportunities, and evaluate ESG management performance. Climate-Related Risk Task Force ESG Coalition - Perform TCFD-aligned ESG reporting to the SRRC, incorporating scenario analysis. - Identify ESG-related risks and opportunities, as well as possible mitigation pathways. - Assist ESG Team in developing, implementing and monitoring Group's ESG policies, processes, and initiatives. - Report ESG related performance and matters to ESG Team.

##### GOVERNANCE\n\n###### ESG GOVERNANCE STRUCTURE\nThe Group has in place a structure to oversee, manage and implement sustainability in ASMPT:\n\n**•** **ASMPT's Board of Directors provides oversight of ESG policies, issues, and implementation, to ensure**\nalignment with the corporate objective of growing responsibly in the interest of all stakeholders. This\nincludes overseeing the engagement of stakeholders, identifying ESG-related material issues, and prioritising\nprogrammes. The Board works closely with the EXCO to set ESG-related goals and track progress against\nthe agreed targets and it develops and reviews Group policies and practices on corporate governance,\nincluding the Group risk management framework. The Board also oversees climate-related issues and risks\nregularly during Board meetings, Board strategy discussions, portfolio reviews and investment decisions for\nincorporation into the Group's overall strategies.\n\n**•** The **EXCO** comprises the senior management team that reviews and determines the material ESG factors\nand their scope, and provides resourcing and implementation guidance. The EXCO evaluates and reviews\nlong-term business and organisational goals, and provides the strategic direction for the Group's ESG\npractices.\n\n**•** The international cross-functional **ESG Coalition comprises staff members from different regions and**\nfunctional groups. The ESG Coalition supports the ESG Team in coordinating and monitoring\nimplementation and reporting of the Group's ESG policies, processes, and initiatives.\n\n**•** The **ESG Team is a dedicated unit operating under the leadership of Guenter Lauber, EVP and Chief Strategy**\nand Digitalisation Officer. It provides guidance to the Group on ESG strategy and compliance, ESG risks and\nopportunities, ESG management performance, as well as recommendations and follow-up measures. It also\nreviews and monitors the Group's ESG policies and practices, along with helping to identify development\nareas in the ESG space for the Group.\n\n###### RISK MANAGEMENT\nThe Board of Directors is responsible for the Group's risk management framework and reviewing its\neffectiveness. The Board evaluates and determines the nature and extent of the risks it is willing to accept in\nachieving the Group's strategic objectives and ensures that the Group establishes and maintains an appropriate\nand effective risk management system.\n\nThe Board oversees the Group's management in the design, implementation, and monitoring of the risk\nmanagement system on an ongoing basis. The EXCO provides confirmation to the Board on the effectiveness of\nthese systems, advises the Board on the Group's risk-related matters, and is responsible for assessing the\neffectiveness of the Group's risk control and management system.\n\nThe Group's Strategic Risk Review Committee ("SRRC") — comprising senior executives from key functions across\nthe organisation — is responsible for identifying and analysing strategic external and internal risks facing the\nGroup. The SRRC reports directly to ASMPT's EXCO, which then reports to the Board.\n\n##### GOVERNANCE\n\n###### GOVERNANCE\nA climate-related risk task force was formed in 2022 to assess and report climate-related risks and opportunities.\nThe approach was for this task force to be integrated into the existing corporate risk management framework, as\nshown in Figure 2 below.\n\n###### Board of Directors\n\n###### EXCO\n\n- Approve and endorse overall enterprise risk and mitigation plan and\nactions\n\n###### SRRC\n\n###### • Incorporate TCFD-aligned risk analysis into ASMPT's enterprise risk management framework\n • Sign off on outputs from Task Force\n\n###### Climate-Related Risk Task Force\n\n- Set up TCFD reporting framework for ASMPT\n\n- Conduct scenario analysis (including base scenario set-up, risk and\nopportunity analysis and relevant mitigation plans)\n\n- Perform TCFD-aligned reporting annually to SRRC\n\nFigure 2\n\nDetails of the Group's corporate governance and risk management practices for the year ended 31 December\n2022 have been published in the Company's 2022 Annual Report.

###### ESG Governance Structure ### 3.1 The Group has a comprehensive governance structure, integrated at all levels of the Group. Our Board of Directors contributes extensive experience and expertise across fields including finance, business, legal, technical, and industrial sectors, while multiple divisions of the Group also bring diverse views and knowledge. Our governance structure is organised with their corresponding responsibilities highlighted in greater detail below. For more information on ASMPT's corporate governance practices, please refer to the Group's Annual Report 2024. ###### Sustainability and Climate-Related Risk Governance Structure **Board of Directors** **Composition:** - Ten directors, including six independent non-executive directors, two non-executive directors, and two executive directors as at 31 December 2024. Among them, two are female, both are independent non-executive directors. **Responsibilities:** - Oversee the ESG strategy in alignment with the corporate goal of responsible growth for the benefit of stakeholders. - Coordinate with the Executive Committee ("EXCO") on ESG-related matters. - Review and endorse the Group's corporate governance policies and practices, including the Group's risk management framework. - Oversee the establishment and maintenance of a suitable and effective risk management system. **Communication frequency on sustainability issue:** - At least annually **Competencies assurance:** - Attend training or briefing regarding regulatory development, directors' duties or other relevant topics.

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