Annual Reports and Related Documents::

Contents
Statement from the Board..........................................................................................................................	2
About this Report ...........................................................................................................................	3
Sustainability efforts at Lion Asiapac Limited ............................................................................................	4
Governance ...............................................................................................................................................	9
Our Operations ........................................................................................................................................	10
Our Employees ........................................................................................................................................	11
Economic .................................................................................................................................................	14
Environment.............................................................................................................................................	16
Feedback .....................................................................................................................................	16
GRI Content Index - Core Option............................................................................................................	19

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Statement from the Board

The Board of Directors is pleased to present Lion Asiapac Limited's ("LAP") fourth Sustainability Report for the financial year 2021 ("FY2021"). LAP is committed to sustainable business practices that help to enhance stakeholder trust and the value of our brand.

To effectively discharge our responsibility, the Board has assigned the monitoring and overseeing the management of ESG factors to the Sustainability Committee ("SC"), which is headed by the Executive Director. The SC comprises key executives from the Group and representatives from the respective business functions. Together, we consider sustainability issues as an integral part of our strategic formulation, oversee the identification and management of risks and opportunities relating to ESG issues which are material to our business.

This report describes the identification of the ESG factors material to the LAP Group, which refers to the quicklime and hydrated lime, and trading businesses, and the policies, practices and performance relating to these ESG factors, as well as the targets for FY2021.

It is prepared in alignment with the sustainability reporting regulatory requirements of the Singapore Exchange, and with reference to the Global Reporting Initiative Standards.

The Company is committed to making improvements to its sustainability efforts in areas such as good corporate governance, transparency and accountability, and does so through a set of internal policies, structures and procedures. The Company will continue to work with its stakeholders towards promoting sustainability in its businesses.

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About this Report

This report includes the environmental, social and governance ("ESG") practices of our business operations in Singapore and Malaysia.

For the preparation of this report, no third parties assurances has been engaged.

In line with LAP's continued commitment to environmental sustainability, no hard copies of this document have been printed. This report and previous editions are available on the company's website at http://www.lionasiapac.com/index.php/investors.

As part of our ongoing journey to champion sustainability, this report aims to share the initiatives and progress we have made during the financial year. Our strategic operations, namely the production of quicklime, quicklime powder and hydrated lime, are located in West Malaysia. The group's Singapore operation manages the trading of steel consumables.

As the COVID-19 pandemic wears on, its impact is obviously felt in every region, every industry, and indeed every aspect of life. It ushered in the opportunity to rethink how we work. It's a sea change that occurs less than once in a generation and has the potential to reshape society in countless ways. The next normal is going to be different. LAP is responding to this transition in terms of business viability, people health and safety, supply chain, compliance with laws and regulations, digital transformation of the business practices, et cetera. We will continue to navigate the difficult times by engaging our staff, customers, suppliers, and other business partners, and deliver a sustainable result to our stakeholders.

With lime manufacturing as our core business, our plants are optimised with the most advanced technology to reduce wastage. During the year, we strive to keep our plant and equipment in optimal condition to deliver as best a quality of our products as we could. Our lime products have been a vital part of everyday life in the communities. Clean air, portable water and fertile soil are just to name a few examples of its applications, contributing to a greener place to live in.

Our operations are supported by our most valuable asset, our employees. Health and safety are the utmost priority. We have implemented safe distancing measures and work from home practices in our effort to keep the threat of COVID-19 at bay. We continue to review our practices with the view to aligning the welfare of our employees to our business's sustainability strategy.

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Sustainability efforts at Lion Asiapac

Sustainability Initiative

Partnerships and good community relations are critical for our operations.

Following collaboration with all relevant stakeholders, LAP ensures that their representations are appropriately identified and that adequate information, including both benefits and negative impacts, are conveyed to the affected.

Our initiative considers respect for human rights in the workplace, ban on forced and child labour, elimination of discrimination, provision of fair wages and working hours, and respect for freedom of association, the provision of a healthy and safe working environment, ethical conduct, including efforts to eliminate corruption.

We strongly believe in responsible sourcing, where through collaboration with suppliers, we ensure that all limestone originates from legal and responsible sources.

Sustainability Committee

In achieving its sustainability goals, the Board sets up its own sustainability team which comprises key management personnel. While the Board is responsible for formulating corporate sustainability strategies, the sustainability team focuses on implementing sustainability strategies, identifying and addressing emerging sustainability issues.

Finance Human Operations

Resource

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