20CORPORATE GOVERNANCE Related UNSDGs Why Is It Important Integrity is the foundation upon which Tropicana builds its developments, its partnerships and its reputation. We believe that strong corporate governance and anti-corruption practices are inseparable, as governance provides the structure, oversight and accountability needed to uphold ethical conduct across our organisation. As a property developer, we work closely with contractors, suppliers, consultants and regulators throughout the lifecycle of our projects. These interactions require clear governance, transparency and accountability to ensure decisions are made responsibly and in the best interests of our stakeholders. Upholding these standards is essential to maintaining trust, safeguarding our reputation and supporting the long-term sustainability of Tropicana. Goal 16: Peace, Justice & Strong Institutions OUR APPROACH Policy Commitment We maintain clear policies on anti-corruption and whistleblowing as part of our governance framework. Our Anti-Bribery and Corruption (“ABC”) Policy sets out the responsibilities of the Company and our employees in upholding our zero-tolerance stance against all forms of bribery and corruption. The policy applies across our operations and business dealings, including interactions with contractors, suppliers and other third parties. It is supported by our Whistleblowing Policy, which provides an independent and confidential channel for reporting concerns. Corruption Risk Assessment We conduct annual corruption risk assessments as part of our enterprise risk management process. Identified risks are incorporated into our corporate risk registers and assigned to relevant risk owners for monitoring and mitigation. The assessment focuses on areas most relevant to our operations, including procurement activities, interactions with contractors and suppliers, conflicts of interest, fraud risks and exposure to third-party misconduct. Consistent with our risk-based approach, corruption risk considerations relating to contractors and suppliers are embedded within our procurement and project delivery processes. Due diligence is performed proportionate to the nature of the engagement, including evaluation of competency, track record and compliance with applicable laws and contractual requirements. Contractual terms also require contractors and suppliers to comply with applicable anti-corruption laws, supporting our management of third-party integrity risks. Percentage of operations assessed for corruption-related risks FY2025 FY2024 FY2023 100% 100% 100% The assessment is reviewed annually to ensure it remains relevant to changes in our operating environment and project activities. CORPORATE GOVERNANCE AR 2025 | SUSTAINABILITY 178
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