DIRECTORS' STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024 (CURRENCY – SINGAPORE DOLLARS UNLESS OTHERWISE STATED) We are pleased to submit this annual report to the members of the Company together with the audited financial statements of the Group for the financial year ended 31 December 2024 and the statement of financial position of the Company as at 31 December 2024. In our opinion: (a) the consolidated financial statements of the Group and the statement of financial position of the Company set out on pages 128 to 261 are drawn up so as to give a true and fair view of the financial position of the Group and of the Company as at 31 December 2024, and financial performance, changes in equity and cash flows of the Group for the year ended on that date in accordance with the provisions of the Singapore Companies Act 1967 and Singapore Financial Reporting Standards (International); and (b) at the date of this statement, there are reasonable grounds to believe that the Company will be able to pay its debts as and when they fall due. The Board of Directors has, on the date of this statement, authorised these financial statements for issue. DIRECTORS The Directors of the Company in office at the date of this statement are as follows: Teo Ming Kian (Chairman) Vincent Chong Sy Feng VADM Aaron Beng Yao Cheng Kevin Kwok Khien Philip Lee Sooi Chuen (Appointed as Director on 1 June 2024) Lien Siaou-Sze (Appointed as Director on 26 August 2024) Lim Chin Hu Neo Gim Huay (Appointed as Director on 15 February 2024) Ng Bee Bee (May) Ong Su Kiat Melvyn Song Su-Min Tan Peng Yam COL Chong Shi Hao (Alternate Director to VADM Aaron Beng Yao Cheng) ARRANGEMENTS TO ENABLE DIRECTORS TO ACQUIRE SHARES OR DEBENTURES Except for the Singapore Technologies Engineering Performance Share Plan 2020 (PSP2020), the Singapore Technologies Engineering Restricted Share Plan 2010 (RSP2010) and the Singapore Technologies Engineering Restricted Share Plan 2020 (RSP2020) (collectively, the ST Engineering Share Plans), neither at the end of nor at any time during the financial year was the Company a party to any arrangement whose objects are, or one of whose object is, to enable the Directors of the Company to acquire benefits by means of the acquisition of shares in or debentures of the Company or any other body corporate. 108 ST ENGINEERING | ANNUAL REPORT 2024
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