AUDIT COMMITTEE REPORT The Audit Committee was established in line with the Main Market Listing Requirements (“Listing Requirements”) of Bursa Malaysia Securities Berhad (“Bursa Securities”) to function as a committee of the Board of Directors to assist and support the Board in fulfilling its fiduciary responsibilities in accordance with the Terms of Reference (“TOR”) of the Audit Committee of the Company and to assist the Board in reviewing the adequacy and integrity of the Group’s financial administration and reporting as well as internal controls. MEMBERS OF THE AUDIT COMMITTEE The Audit Committee comprised of the following members, who each satisfy the “independence” requirements contained in the Listing Requirements of Bursa Securities: Total Number of Meetings Number of Meetings Attended Ms Emelia Binti Matrahah -Chairperson (Independent Non-Executive Director) 4 4/4 Madam Vivienne Cheng Chi Fan -Member (Independent Non-Executive Director) 5 5/5 Datuk Tan Mann Chai, JP-Member (Independent Non-Executive Director) (Appointed on 10 February 2026) 0 0/0 Ms Alice Dora Boucher-Member (Independent Non-Executive Director) (Resigned on 10 February 2026) 5 5/5 Ms Koh Huey Min-Chairperson (Independent Non-Executive Director) (Resigned on 4 March 2025) 1 1/1 The Audit Committee is chaired by Ms Emelia Binti Matrahah whom is independent and possesses the necessary skills, capabilities and attributes to ensure that all Audit Committee meetings are efficiently conducted by fostering open discussions with all members of the Audit Committee on the agenda items during meetings so as to facilitate thorough considerations of all subject matters presented to the Audit Committee. All members of the Audit Committee are Independent Non-Executive Directors and are financially literate. The composition of the Audit Committee is in compliance with Paragraphs 15.09 and 15.10 of the Listing Requirements of Bursa Securities and Step-up Practice 9.4 of the Malaysian Code of Corporate Governance. The profiles of the Audit Committee members are disclosed on pages 189 to 193. TERM OF REFERENCE (“TOR”) The Audit Committee has discharged its functions and duties under a written TOR of the Audit Committee containing provisions that address the requirements imposed by Bursa Securities. The TOR was reviewed by the Audit Committee on 22 August 2023 and approved by the Board of Directors on 29 August 2023. The TOR is available for reference on the Company’s website at https://www.tropicanacorp.com.my/corporate-governance MEETINGS OF THE AUDIT COMMITTEE The Audit Committee held five (5) meetings during the FY2025. Details of the member’s attendance at the meetings held are disclosed in the table above. The Executive Directors of the Board, which included the Group Managing Director (whom was subsequently redesignated to Deputy Group Chief Executive Officer), Group Chief Executive Officer, Chief Executive Officer and Deputy Chief Executive Officer, and other Senior Management attended the Audit Committee meetings held in FY2025 upon invitation by the Chairperson of the Audit Committee. The Group’s Head of Internal Audit attended all the Audit Committee meetings. The External Auditors were also invited to attend three (3) of these meetings. The External Auditors as well as the Internal Auditors were invited to the Audit Committee meetings in 2025 to report on the statutory audit respect of the financial statements for the financial year 2024, and progress of the audit plan for years 2024 and 2025 respectively. Detailed internal audit reports, together with Management’s responses were circulated to THE BOARD OF DIRECTORS OF TROPICANA CORPORATION BERHAD (“TROPICANA” OR “THE COMPANY”) IS PLEASED TO PRESENT THE REPORT OF THE AUDIT COMMITTEE FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2025 (“FY2025”). AR 2025 | GOVERNANCE 226
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