The Audit Committee is pleased to present its report for the financial year ended 30 June 2022. COMPOSITION AND ATTENDANCE The composition of the Audit Committee and the changes that took place during the financial year ended 30 June 2022 are as detailed below:- Name Designation Directorate Tun Noor Shahya Tun Abdul Razak (appointed on 6 December 2021) Chairman (Elected on 4 February 2022) Independent Non-Executive Director Datuk Johar Che Mat Member Senior Independent Non-Executive Director Muhammad Radhi Azizan (appointed on 18 March 2022) Member Non-Independent Non-Executive Director Rosli Abdullah (resigned on 16 December 2021) Chairman Senior Independent Non-Executive Director Ang Hsin Hsien (resigned on 25 February 2022) Member Non-Independent Non-Executive Director The composition of the Audit Committee complies with paragraph 15.09 of the Main Market Listing Requirements (“MMLR”) of Bursa Malaysia Securities Berhad (“Bursa Securities”) and the Terms of Reference of the Audit Committee. The Terms of Reference of the Audit Committee is available on the Company’s website at www.dnex.com.my. The Chairman of the Audit Committee, Tun Noor Shahya Tun Abdul Razak, is a member of the Malaysian Institute of Accountants and an Independent Non-Executive Director. Accordingly, paragraphs 15.09(1)(c)(i) and 15.10 of the MMLR have been complied with. There were eight (8) meetings held during the financial year ended 30 June 2022. The attendance record of each member was as follows:- Name Attendance Tun Noor Shahya Tun Abdul Razak (appointed on 6 December 2021) 3/3 Datuk Johar Che Mat 8/8 Muhammad Radhi Azizan (appointed on 18 March 2022) 2/2 Rosli Abdullah (resigned on 16 December 2021) 5/5 Ang Hsin Hsien (resigned on 25 February 2022) 6/6 The Group Managing Director, Group Chief Financial Officer, Head of Internal Audit Department, certain senior management members and the Company’s external auditors namely Crowe Malaysia PLT are usually invited to attend Audit Committee meetings to provide briefings, updates and clarifications on matters under the Audit Committee’s purview. The Chairman of the Audit Committee presented reports to the Board highlighting key issues discussed at Audit Committee meetings. AUTHORITY In carrying out its duties and responsibilities, the Audit Committee is vested with the following authority:- (i) Explicit authority to investigate any matter within its Terms of Reference. (ii) Equipped with resources required to perform its duties. (iii) Have full, free and unrestricted access to any information, records, personnel and properties of the Company and any other companies in DNeX Group. (iv) Have direct communication channels with the external auditors and persons carrying out the internal audit function or activity. Head of Internal Audit should report directly to the Audit Committee. DAGANG NeXCHANGE BERHAD 148 AUDIT COMMITTEE REPORT
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