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127204 Continuous Improvement Projects4612726Productivity (process 3 2and organisationalimprovement)Cost SavingProduction Gain/Revenue Gain Cost AvoidanceNew TechnologyInnovation and Continuous ImprovementA total of 204 CI projects were initiated in 2024, with the total OPEX and CAPEX value being US$33 million as of the end of 2024, reflecting strong employee engagement and a growing culture of innovation within the Company. Therefore, the CI programme has a direct impact on operational efficiency and contributes to value added for the business. Moreover, as the CI initiative relates to a shift in organisational culture, the Company sees this project as generating further value upsides in years to come, thereby protecting the sustainability of its ongoing business. VALEURA ENERGY INC. 097