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At Valeura, we understand that our licence to operate is not merely a function of financial performance, but one of enduring trust %u2013 earned through sound governance, unwavering ethical standards, and a culture of integrity that runs through every level of our business. It is imperative that our governance practices not only meet regulatory requirements, but also uphold expectations of our stakeholders, shareholders, and the communities in which we operate. That is why we continue to refine our governance framework, enhance Board effectiveness through rigorous evaluation, and reinforce ethical conduct as a core pillar of our culture. We believe that effective governance is the foundation on which all aspects of sustainable growth are built.Our approach to risk, operational excellence, and digital resilience is equally grounded in accountability and foresight. We pursue operational efficiency not as a cost-cutting exercise, but as a means of protecting our people and our value %u2013 by maintaining asset integrity, minimising disruptions and risks, and enabling long-term growth. Innovation plays a central role in this strategy, from leveraging digital transformation to enhance reliability and performance, to embedding cyber resilience in our risk matrix. These are not mere %u201c%u201cKelvin TangExecutive Vice President & General Counseltechnical upgrades, but essential aspects in our ever-evolving world today. As part of this, our risk management process offers a structured, organisation-wide view of the most pressing risks and opportunities we face %u2013 guiding decisions across governance, operations, and investments.Equally, our responsibilities extend well beyond our own operations. From strengthening supply chain transparency and screening for modern slavery, to promoting ethical conduct among our contractors and suppliers, we hold our partners to the same high standards we set for ourselves. Every contract and audit are opportunities to embed principles that safeguard human rights and contribute to the broader goal of sustainable development. Governance and ethics are not side conversations %u2013 they are central to our identity as a company, and essential to the resilience of our business as Valeura continues to thrive.072 2024 SUSTAINABILITY REPORT%uf098 Sustainability at Valeura %uf098 Environment %uf098 Social %uf098 Governance %uf098 Appendix