Datasonic Group Berhad Annual Report 2020

DATASONIC GROUP BERHAD I ANNUAL REPORT 2020 (Registration No. 200801008472 (809759-X)) 68 AUDIT COMMITTEE REPORT The Audit Committee of Datasonic Group Berhad (“the Company”) is pleased to present the Audit Committee Report for the financial year ended 31 March 2020 which provides insights into the manner in which the Audit Committee discharged its functions, roles and responsibilities for the Company during the financial year. COMPOSITION AND ATTENDANCE The Audit Committee comprises of three (3) members, all of whom are Independent and Non-Executive Directors (“INED”) in compliancewith the requirements of paragraphs 15.09 (1) (a) and (b) of theMainMarket Listing Requirements (“MMLR”) of Bursa Malaysia Securities Berhad (“Bursa Malaysia”). The Chairman of the Audit Committee, Mr Yee Kim Shing is a member of the Malaysian Institute of Accountants (“MIA”), the Institute of Chartered Accountant of Australia and the Institute of Certified Public Accountants of Singapore which further complies with paragraph 15.09 (1)(c)(i) of the MMLR. The Audit Committee held four (4) meetings during the financial year ended 31 March 2020 and the attendance of the members was as follows:- Audit Committee Members Designation Numbers of meetings attended Mr Yee Kim Shing @ Yew Kim Sing Chairman, Independent Non-Executive Director 4/4 Dato’ Wan Mohd Safiain bin Wan Hasan Member, Independent Non-Executive Director 4/4 Dato’ Wan Ibrahim bin Wan Ahmad Member, Independent Non-Executive Director 4/4 In compliance with the requirements of paragraph 15.20 of the MMLR and Malaysian Code of Corporate Governance (“MCCG 2017”), the Board reviewed the terms of office and performance of the Audit Committee and each of its members by way of an annual effectiveness evaluation carried out by the Nomination and Remuneration Committee. Based on the Nomination and Remuneration Committee’s assessment and recommendation, the Board is satisfied that the Audit Committee and its members have carried out their functions, duties and responsibilities in accordance with its Terms of Reference which supported the Board in ensuring that the Group upholds appropriate corporate governance standards and practices. MEETINGS TheAudit Committeemeetingswere also attended by theManagingDirector, DeputyManagingDirector, representatives of the External Auditors, Senior Vice President of Operations, Senior Vice President of Finance, Internal Auditors and relevant members of the Management Team to facilitate continuous engagement, direct communication and provide clarification on audit issues, Group’s operations as well as other issues and matters within the terms of reference of the Audit Committee which warranted the attention of the Audit Committee in a timely manner, as applicable. Minutes of each Audit Committee meeting were recorded and tabled for confirmation and adoption at the next following Audit Committee meetings and subsequently presented to the Board for notation. The minutes of the Audit Committee meetings which include details of deliberations, decisions and resolutions on the matters brought up in the meetings are properly maintained by the Company Secretary.