INTERESTED PERSON TRANSACTIONS The Group has obtained a general mandate from shareholders of the Company for interested person transactions in the Annual General Meeting held on 26 April 2024. During the financial year, the following interested person transactions were entered into by the Group: Aggregate value of all interested person transactions (excluding transactions less than $100,000 and transactions conducted under a shareholders mandate pursuant to Rule 920) Aggregate value of all interested person transactions conducted under a shareholders mandate pursuant to Rule 920 (excluding transactions less than $100,000) Nature of FY2024 FY2023 FY2024 FY2023 Name of interested person relationship $'000 $'000 $'000 $'000 Transactions for the Sale of Goods and Services Temasek Holdings (Private) Limited is a controlling shareholder of the Company. The other named interested persons are its associates. SATS Ltd. and its Associates – – 2,814 2,459 Seatrium Limited and its Associates – – – 1,164 SembCorp Industries Ltd and its Associates – – 52,570 152 SIA Engineering Company Limited and its Associates – – – 121 Singapore Airlines Limited and its Associates – – 18,231 – Singapore Telecommunications Limited and its Associates – – 1,731 1,886 StarHub Ltd and its Associates – – 162 1,329 Temasek Holdings (Private) Limited and its Associates (non-listed) – – 65,760 218,845 – – 141,268 225,956 Transactions for the Purchase of Goods and Services Temasek Holdings (Private) Limited is a controlling shareholder of the Company. The other named interested persons are its associates. CapitaLand Investment Limited and its Associates – – 189 – SATS Ltd. and its Associates – – 663 756 Seatrium Limited and its Associates – – 776 120 SembCorp Industries Ltd and its Associates – – 1,335 832 SIA Engineering Company Limited and its Associates – – 868 – Singapore Airlines Limited and its Associates – – – 134 Singapore Telecommunications Limited and its Associates – – 4,412 1,887 StarHub Ltd and its Associates – – 1,218 1,371 Telechoice International Limited – – – 4,131 Temasek Holdings (Private) Limited and its Associates (non-listed) – – 28,092 72,330 – – 37,553 81,561 Transaction for Acquisition of Business StarHub Ltd and its Associates 10,369 67,500 – – Joint Venture Temasek Holdings (Private) Limited is a controlling shareholder of the Company. The other named interested persons are its associates. Temasek Holdings (Private) Limited and its Associates (non-listed)* 32,195 23,862 – – Investment in Venture Fund Temasek Holdings (Private) Limited and its Associates (non-listed) 20,429 – – – Consortium Temasek Holdings (Private) Limited and its Associates (non-listed)** 18,100 – – – 81,093 91,362 – – Total Interested Person Transactions 81,093 91,362 178,821 307,517 * The transactions pertain to i) equity injections of $9,675,000 by the Group into Juniper Aviation Investments Pte Ltd (Juniper) to partially fund Juniper’s aircraft acquisitions from the Group, where the value of sale of aircraft by the Group to Juniper are included above under the category of sale of goods and services to Temasek Holdings (Private) Limited and its Associates (as at 31 December 2024, the cumulative equity injections by the Group into Juniper amounted to $63,324,000), and ii) interest-bearing loans of $22,520,000 to and loan interest received from SPTel Pte Ltd, which cumulatively amounted to $51,320,000. ** The transaction pertains to a sales contract secured by a consortium formed by ST Engineering Urban Solutions Ltd and Strides Engineering Pte Ltd. Save for the interested person transactions disclosed above, there were no other material contracts entered into by the Company and its subsidiaries involving the interests of its Group President and CEO, directors or controlling shareholder, which were either still subsisting at the end of the financial year or, if not then subsisting, entered into since the end of the previous financial year. SGX LISTING RULES REQUIREMENT FOR THE YEAR ENDED 31 DECEMBER 2024 (CURRENCY – SINGAPORE DOLLARS UNLESS OTHERWISE STATED) 264 ST ENGINEERING | ANNUAL REPORT 2024
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