C. EXTERNAL AUDIT 1. Reviewed with the External Auditors:- a) The audit plan, audit methodology and scope of work, especially on areas identified for audit focus for the year; b) Their comments and issues arising from their annual audit, their audit report and management letter of comments on the group internal control; c) The key audit matters highlighted for inclusion in the audit report and the audit process in addressing them; and d) The Group’s financial reporting process including consolidation. 2. Assessed the objectivity, suitability and independence of the External Auditors in carrying out their audit during the year. 3. Discussed with the External Auditors on 21 November 2024 and 24 February 2025 without the presence of the Managing Director/Chief Executive Officer and Management, on any concerns/issues affecting their audit, the results of audit, including the level of cooperation rendered by Management in respect of their access to financial information and accounting records. 4. Evaluated the performance of the External Auditors and recommended their re-appointment to the Board of Directors based on their satisfactory performance via feedback received from the assessment questionnaires and the 2023 Annual Transparency Report. 5. Reviewed and recommended the audit fees for the Board’s approval. D. CONFLICT OF INTEREST Reviewed the conflict of interest (“COI”) or potential COI situation involving Directors, key senior management and legal representative, and recommended the measures to resolve, eliminate, or mitigate such conflicts, to the Board for its approval. Details of the potential COI situation which arose during the year is disclosed as below:- Name Type of COI & Nature of Interest Measures Taken Tan Sri Dr. Azmil Khalid (Independent Non-Executive Chairman) Potential COI Tan Sri Dr. Azmil Khalid is an indirect shareholder of AFA Construction and Engineering Sdn Bhd (formerly known as Alloy Maintenance Engineering Sdn Bhd) (“AFACE”), via AFA Infrastructure Development Sdn Bhd. The nature of business of AFACE is similar to a subsidiary of UEM Edgenta. However, AFACE provide services solely to AFA Prime Berhad (formerly known as ANIH Berhad) and is not in direct competition with the UEM Edgenta group. • Tan Sri Dr. Azmil Khalid will abstain from deliberation and physically excuse himself from the Board meeting during the discussion on the potential COI and transaction with AFACE, if any. • Board papers and information related to the transaction with AFACE will not be circulated to Tan Sri Dr. Azmil Khalid. 243 GOVERNANCE
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