Sustainability Report FY2024

ASTI HOLDINGS LIMITED

1. Board Statement 4
2. About this Report 5
   1. Reporting Scope and Period 5
   2. Framework 5
   3. Feedback 5
3. Corporate Profile 6
4. Performance Highlights and Targets 7
5. Sustainability Governance 9
   1. Sustainability Strategy 9
   2. Sustainability Governance Structure 9
6. Stakeholder Engagement 10

1. TCFD Report 34
   1. Governance 34
   2. Strategy 34
   3. Climate-related Risks and Opportunities ("CRROs") 35
   4. Risk Management 37
   5. Metrics and Targets 37
2. GRI Content Index 38

1. Board Statement

The Board of Directors (the "Board") of ASTI Holdings Limited (the "Company" or "ASTI", and together with its subsidiaries, the "Group") is pleased to present the Company's annual Sustainability Report (the "Report") for the financial year ended 31 December 2024 ("FY2024"). This Report reflects our unwavering commitment to generating positive social and environmental outcomes while fostering shared value for our business and stakeholders.

Throughout FY2024, the Group navigated a complex landscape marked by geopolitical tensions, inflationary pressures, rising interest rates, escalating operational costs, and the pressing global challenge of climate change. Against the backdrop of the hottest summer on record, our dedication to addressing climate change and embedding sustainable practices has never been more critical. As the impacts of global warming intensify, we are resolute in our efforts to enhance the sustainability of our business operations. We fully recognise our role as a responsible corporate citizen and the significance of our contributions to the climate and the environments in which we operate.

Given the pervasive nature of global warming, we are committed to adopting a comprehensive and sustainable business strategy that addresses its multifaceted effects on our approach to the environment, our people, and our operational processes. Our strategy is shaped by an understanding that climate change influences all dimensions of our business. Consequently, we have introduced policies and initiatives designed to tackle these interconnected challenges holistically, ensuring resilience across all facets of our operations.

The Board maintains oversight of ASTI's sustainability performance, supported by the Sustainability Steering Committee ("SSC"). The Board provides strategic direction and establishes a robust governance framework to identify, evaluate, and manage environmental, social, and governance ("ESG") issues material to the Group and its stakeholders. Sustainability considerations are integral to the Board's review of the Company's longterm strategic direction. Our sustainability efforts are led by the SSC, and supported by the Sustainability Task Force ("STF").

We are dedicated to embedding sustainability into our strategic decision-making processes and will continue to engage with stakeholders while monitoring the ESG factors and economic performance (collectively, the "Material Factors") essential to the long-term success of our business. We invite your continued support as we advance on this sustainability journey, repositioning our operations to emerge as a stronger, more resilient organization.

This Report outlines our efforts and achievements in meeting sustainability goals and targets throughout FY2024. It provides a detailed account of our approach, practices, and performance with respect to the identified Material Factors.

4 | Sustainability Report FY2024

2. About this Report

For any enquires, comments or feedback regarding both our sustainability performance and report, please send them to enquiries@astigp.com.

5 | Sustainability Report FY2024