Board Investment Committee Report The Board Investment Committee (“BIC”) plays a pivotal role in evaluating all investment opportunities and to make recommendations to the board with regard thereto. The responsibilities include reviewing, assessing and deciding on the escalation of proposals relating to asset investment (acquisition and disposal), asset management and fund-raising exercises to be undertaken by the REIT to the Board and Trustee for approval. COMPOSITION In line with the recommendation of Chapter 6 of the Guidelines on Real Estate Investment Trusts of Securities Commission Malaysia, the composition of the BIC is as follows: Members 1. Shamsul Anuar bin Abdul Majid Chairman/Non-Independent Non-Executive Director 2. Abdullah bin Abu Samah Independent Non-Executive Director 3. Ng Yan Chuan Non-Independent Non-Executive Director (Resigned w.e.f. 31 December 2024) 4. Datuk Hashim bin Wahir Independent Non-Executive Director (Resigned w.e.f. 31 December 2024) 5. Lailatul Azma binti Abdullah (Appointed w.e.f. 28 February 2025) 7. Datin Ungku Suseelawati binti Ungku Omar (Appointed w.e.f. 28 February 2025) 8. Goh Tian Sui (Appointed w.e.f. 28 February 2025) Secretaries 1. Nuraliza Abd binti Rahman 2. Rohaya binti Jaafar The BIC members are appointed by the Board and consist of not less than 3 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 BIC shall adhere to the recommendation as per the Chapter 6 of the Guideline on Real Estate Investment Trusts. The Board, via the Board Nomination and Remuneration Committee (“BNRC”), annually reviews the terms of office and performance of the BIC and its members through an effectiveness evaluation exercise. The BNRC assessed the BIC’s performance for FY2024 and was satisfied that the BIC and its members have discharged their functions, duties, and responsibilities in accordance with the BIC’s Terms of Reference. 1 ABOUT US 121 3 SUSTAINABILITY STATEMENT 4 CORPORATE GOVERNANCE 5 OTHER INFORMATION 6 FINANCIAL STATEMENTS 2 BUSINESS OVERVIEW
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