AUDIT COMMITTEE REPORT AUDIT COMMITTEE COMPOSITION AND MEETINGS The members of the Audit Committee (“AC”) comprise of:- 1. Anita Chew Cheng Im - Chairperson / Independent Non-Executive Director 2. Datuk Woon See Chin - Member / Independent Non-Executive Director 3. Dato’ Ir. Fong Tian Yong - Member / Independent Non-Executive Director 4. Bhupendar Singh A/L Sewa Singh - Member / Independent Non-Executive Director The AC, which consists solely of Independent Non-Executive Directors, comprise qualified individuals with the required skills and expertise to discharge the committee’s functions and duties. All members of the AC, including the Chairperson, will hold office only so long as they serve as Directors of the Company. The members of the AC are financially literate and have contributed to meaningful discussions in overseeing the integrity of the financial reporting processes and financial statements. Further, the members have experience/sufficient understanding that is relevant to the businesses and the industries the Group operates in. Two of the AC members, Ms. Anita Chew Cheng Im and Mr. Bhupendar Singh A/L Sewa Singh, fulfilled the accounting qualification and experience criteria specified under paragraph 15.09(1)(c) of Main Market Listing Requirements (“MMLR”) of Bursa Malaysia Securities Berhad (“Bursa Securities”). Accordingly, the Company complies with paragraph 15.09 of MMLR of Bursa Securities. Annually, the term of office, independence and performance of the AC and each of its members are assessed by the Nomination Committee (“NC”). Based on the said assessment, the AC and its members are found to have effectively discharged its duties in accordance with its terms of reference. The Board and the NC were of the view that the AC has provided valuable recommendations to assist the Board in making informed decisions. The Board is kept informed of the AC’s deliberations through its minutes and report, which is a standing agenda item in the scheduled meetings of the Board. During the financial year ended 31 December 2021 (“FY2021”), the AC met six (6) times. The AC meetings were appropriately structured through the use of agendas, which were distributed to members prior to the meeting. The meeting attendance of the AC members is as follows: Name of Directors Number of Meetings Held During Director’s Tenure in Office Attendance Percentage of Attendance Kek Chin Wu (Resigned on 1 December 2021) 6 6 100% Dato’ Paduka (Dr.) Ir. Hj. Keizrul Bin Abdullah (Resigned on 1 December 2021) 6 6 100% Chua Kee Yat @ Koo Kee Yat (Resigned on 1 December 2021) 6 6 100% Datuk Woon See Chin 6 6 100% Anita Chew Cheng Im (Appointed on 1 December 2021) 0 0 N/A Bhupendar Singh A/L Sewa Singh (Appointed on 1 December 2021) 0 0 N/A Dato’ Ir. Fong Tian Yong (Appointed on 1 December 2021) 0 0 N/A TERMS OF REFERENCE OF THE AUDIT COMMITTEE The information on the terms of reference of the AC is available on the Company’s website at http:///www.kimlun.com. K imlun Corporat ion Berhad Regi s t rat ion No. 200901023978 (867077-X) 51
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