170 SECTION 07 AL-`AQAR HEALTHCARE REIT BOARD AUDIT AND RISK COMMITTEE REPORT The BARC is established by the Board of Directors (“Board”) in accordance with the Bursa Malaysia Listing Requirements and applicable regulatory requirements to assist the Board in discharging its oversight responsibilities. The BARC supports the Board in ensuring the integrity of the REIT’s financial reporting, the effectiveness and independence of the external and internal audit functions, the adequacy and effectiveness of the risk management framework and internal control systems, and compliance with applicable laws, regulations and governance standards. As a key component of the REIT’s corporate governance structure, the BARC also oversees the effectiveness of the compliance function and promotes a culture of integrity, ethical conduct and accountability across the organisation. In addition, the BARC provides oversight of related party transactions and conflict-of-interest matters to ensure that such transactions are conducted on fair, reasonable and normal commercial terms and are in the best interests of the REIT and its unitholders. The BARC also supports the Board in overseeing matters relating to compliance, including Shariah Compliance, to ensure that appropriate controls and governance processes are in place to uphold the REIT’s Shariahcompliant status. Through these responsibilities, the BARC provides independent assurance to the Board and acts as a critical safeguard in promoting transparency, sound governance, protection of minority unitholder interests and adherence to Shariah principles. COMPOSITION In line with the requirements of Paragraph 15.09(1)(a), (b) and (c) of the MMLR of Bursa Malaysia, the composition of the BARC is as follows: The BARC members are appointed by the Board and consist of not less than three members, all of whom shall be non-executive Directors with a majority of them being independent Directors. The Board elects a chairman who is an independent Director and who is not the chairman of the Board. The composition of the BARC shall fulfil the requirements as prescribed in the Listing Requirements. The Board, via the BNRC, annually reviews the terms of office and performance of the BARC and its members through an effectiveness evaluation exercise. The BNRC assessed the BARC’s performance for the FY2025 and was satisfied that the BARC and its members have discharged their functions, duties, and responsibilities in accordance with the BARC’s Terms of Reference. 1. Nuraliza binti A. Rahman (MAICSA 7067934) 2. Rohaya binti Jaafar (LS0008376) (Retired w.e.f. 31 August 2025) Secretaries 1. Abdullah bin Abu Samah Chairman/Independent Non-Executive Director* 2. Datuk Sr Akmal bin Ahmad Non-Independent Non-Executive Director 3. Ong Li Lee Independent Non-Executive Director (Appointed w.e.f. 4 August 2025) 4. Lailatul Azma binti Abdullah Independent Non-Executive Director (Resigned w.e.f. 4 August 2025) * Abdullah bin Abu Samah, is a member of the Malaysian Institute of Accountants and Malaysian Institute of Certified Public Accountants. Members
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