pg. 177 Corporate Governance Report Integrated Annual Report 2025 BOARD AUDIT AND RISK COMMITTEE REPORT MEETINGS AND ATTENDANCE The BARC meets at quarterly intervals or such other intervals as the Committee shall decide. The BARC held seven meetings during the FY2025 which were attended by all members. During the FY2025, the details of attendance are as follows: NO BARC MEMBERS DATE OF MEETINGS 23 JAN 2025 (SPECIAL) 31 JAN 2025 (SPECIAL) 12 FEB 2025 9 MAY 2025 (SPECIAL) 15 MAY 2025 13 AUG 2025 12 NOV 2025 1 Abdullah bin Abu Samah √ √ √ √ √ √ √ 2 Datuk Sr Akmal bin Ahmad √ √ √ X √ X √ 3 Ong Li Lee (Appointed w.e.f. 4 August 2025) √ √ 4 Lailatul Azma binti Abdullah (Resigned w.e.f. 4 August 2025) √ √ √ √ √ SUMMARY OF WORK CARRIED OUT DURING THE FINANCIAL YEAR The BARC shall meet at least four times annually and the Internal Auditor, the Chief Financial Officer (“CFO”) and the Head of Compliance and Risk shall attend the meetings. Relevant members of Senior Management shall be invited to attend these meetings to assist to clarify matters raised at the meetings. The BARC shall meet with the External Auditors without the executive Board members and Management being present at least twice a year. In 2025, the session was carried out on 12 February 2025 and 12 November 2025. Meeting papers were circulated to all the BARC members prior to the meetings by way of electronic means. Minutes of each BARC Meeting was recorded and tabled for confirmation and adoption at the next BARC Meeting and subsequently presented to the Board for approval and notation. The Chairman of the BARC shall report on each meeting to the Board. The BARC carried out the following work during the FY2025 in the discharge of its functions and duties: Overseeing Financial Reporting (a) Reviewed and deliberated the audited financial statements for the financial year ended 31 December 2024 (“FY2024”) in terms of the key audit matters arising from the external auditor’s review, prior to recommending to the Board for approval. (b) Reviewed the quarterly financial statements in compliance with Malaysian Financial Reporting Standards (“MFRS”) 134 and the MMLR of Bursa Securities before recommending the same to the Board for approval. (c) Reviewed the draft announcements of the quarterly financial results to Bursa Malaysia, to ensure with the applicable accounting standards in Malaysia and other legal and regulatory requirements prior to tabling to the Board for approval. (d) Reviewed the income distributions of the REIT which were made in line with the REIT’s distribution policy, prior to recommending the proposal to the Board. (e) Reviewed the impact of changes in accounting policies and adoption of new accounting standards together with significant matters highlighted in the financial statements.
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