The Audit Committee members possess the financial knowledge and commercial experience to meet the needs of the Board in fulfilling its fiduciary responsibilities in terms of the Group’s financial reporting practices, accounting policies, internal controls and in assessing the suitability and independence of the Group’s External and Internal Auditors. Chairman of the Audit Committee is an Independent NonExecutive Director and is not the Chairman of the Board. In line with MCCG, the Company had revised the TOR of the Audit Committee on 21 April 2022 to include that no former audit partner to be appointed as a Director (including a member of the Audit Committee) before observing a cooling-off period of at least three (3) years prior to the integration with the Risk Management and Sustainability Committee. During FY2025, the External Auditors had confirmed to the Audit Committee members of their independence throughout the conduct of the audit engagement for FY2025 with the Company in accordance with the independence criteria set out under the By-Laws (on Professional Ethics, Conduct and Practice) of the Malaysian Institute of Accountants and the International Ethics Standards Board for Accountants’ Code of Ethics for Professional Accountants. The Audit Committee met five (5) times during FY2025. The activities of the Audit Committee for FY2025 are reported in the Audit Committee Report as set out on page 226 in this Annual Report. Relationship with External Auditors The Board, through the Audit Committee, has always maintained a formal and transparent relationship with the External Auditors. During FY2025, the Audit Committee had invited the External Auditors to its meeting held on 18 February 2025 to report on the audit status findings for the FY2024. On 18 April 2025, External Auditors invited to report on the audit results in respect of the true and fair view of the Group’s audited financial statements for the financial year ended 31 December 2024 (“AFS 2024”). Subsequently, at its meeting held on 19 November 2025, to report audit plan as well as the External Audit Planning Memorandum for the Group’s financial statements for FY2025. The Audit Committee also met with the External Auditors without the presence of the Executive Directors and Management of the Company or the Group twice a year, i.e, on 18 February 2025 and 19 November 2025, in order to provide the External Auditors with an avenue to candidly express any concerns they may have, including those relating to their ability to perform their work without restraint or interference. The External Auditors are encouraged to contact the Audit Committee Chairman or any of the Audit Committee members directly whenever they deem necessary to discuss audit matters or raise any concerns in the course of their audit of the Company’s or the Group’s financial records or accounting treatments. II. Risk Management and Sustainability Committee The Board recognises that proper risk management, internal control and sustainability are important aspects of the Company’s governance, management and operations. As at the date of this Statement, the Risk Management and Sustainability Committee comprises the following members: Name Position Designation Datuk Tan Mann Chai, JP (Appointed w.e.f 10 February 2026) Chairperson Independent NonExecutive Director Ms Alice Dora Boucher (Resigned w.e.f 10 February 2026) Chairperson Independent NonExecutive Director Madam Vivienne Cheng Chi Fan Member Independent NonExecutive Director Datuk Wira Lye Ek Seang Member Independent NonExecutive Director Ms Emelia Binti Matrahah Member Independent NonExecutive Director Mr Din Tan Yong Chia Member Deputy Group Chief Executive Officer Mr Jared Ang Tzer Shen Member Group NonIndependent Non-Executive Director 213
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