Action Energy Company (“the Company”) is committed to maintaining a strong and effective corporate governance framework that supports sustainable growth, responsible decision-making, transparency, and the protection of shareholders’ rights. The Company believes that sound governance practices are essential to strengthening institutional integrity, enhancing stakeholder confidence, and creating long-term value.

The Company is committed to complying with the corporate governance requirements issued by the Capital Markets Authority (“CMA”), in accordance with Law No. (7) of 2010 and its Executive Regulations, including the provisions of Book Fifteen relating to Corporate Governance.

Following the Company’s listing on Boursa Kuwait on 17 December 2025, the Board of Directors and executive management have continued to enhance the Company’s governance framework by adopting and implementing comprehensive policies, procedures, and internal control systems. These measures clarify roles and responsibilities, support effective oversight, and promote accountability across all levels of the organisation.

The Company’s governance framework addresses key areas, including Board governance, risk management, internal controls, compliance, financial reporting, disclosure and transparency, related-party transactions, and the identification and management of conflicts of interest. The Company also remains committed to high standards of ethical conduct, integrity, and regulatory compliance, supported by timely, accurate, and transparent communication with shareholders and other stakeholders.

The Company continuously reviews and enhances its governance practices to ensure ongoing alignment with applicable laws and regulations, CMA requirements, and evolving international best practices.