The Board of Directors, at their meeting held on April 16, 2025 has:\r\n\r\ni) based on the recommendation of the Nomination and Remuneration Committee, considered, and approved the Introduction of Galaxy Surfactants Limited - Performance Stock Option Plan - 2025 ('PSOP - 2025') and related matters which will be subject to approval by the shareholders;\r\n\r\nii) approved formation of new overseas WOS/step down subsidiary.