6 GOVERNANCE 239 AUDIT COMMITTEE REPORT The Board is pleased to present the Audit Committee (“AC”) Report, outlining the manner in which the AC has carried out its functions and responsibilities for the financial year ended 31 December 2025. The AC supports the Board in overseeing the Company’s financial reporting and ensuring the fulfilment of its fiduciary responsibilities concerning internal controls. This includes monitoring the proper maintenance of financial and accounting records, establishing policies, and upholding financial reporting practices for the Group. The AC also reviews related party transactions and potential conflict of interest situations that may arise within the Group. COMPOSITION AND MEETING ATTENDANCE SUMMARY OF ACTIVITIES OF THE AC The AC comprises three (3) members, a majority of whom are Independent Non-Executive Directors. The composition of the AC and meeting attendance of each AC member for financial year ended 31 December 2025 (“FY2025”) are provided in the table below: AC Members No. of AC meeting attended* Simon Kua Choo Kai#^ (Chairman of AC) Independent Non-Executive Director 5/5 Mohd Asrul Ab Rahim# (Member of AC) Non-Independent Non-Executive Director 5/5 Dato’ Dr Omar Abd Hamid (Member of AC) Independent Non-Executive Director 5/5 * There were five (5) AC meetings held in 2025 # Member of Malaysian Institute of Accountants ^ Member of The Malaysian Institute of Certified Public Accountants The AC meets the requirements of paragraph 15.09(1)(a) and (b) of the Main Market Listing Requirement (“MMLR”) of Bursa Malaysia Securities Berhad (“Bursa Securities”). Any appointment of AC members is in accordance with the Terms of Reference of the AC which states, among others, a former partner of the Company’s External Auditors must observe a cooling-off period of at least three (3) years before being appointed as a member of the AC. There was no change of AC composition in 2025. During the year, the Chairman of AC met the Head of Internal Audit regularly and pre-meeting discussions were held to review their activities and reports. In line with the Terms of Reference of the AC, the following activities were carried out by the AC during the financial year ended 31 December 2025:- A. FINANCIAL STATEMENTS AND CORPORATE GOVERNANCE 1. Reviewed the quarterly and annual financial statements of the Company and the Group, and recommended them for Board’s approval, focusing particularly on:- a) appropriateness and relevance of accounting policies and practices adopted and their application in compliance with current accounting standards; b) any significant non-recurrent or unusual transactions made or events occurred during the year; c) any significant changes to the basis of preparation of the financial statements or new accounting standards adopted during the year which impacted the result or financial position of the Group; d) the going concern assumption used in the preparation of the financial statements; e) significant accounting and auditing matters including financial reporting issues, estimates or judgements made by Management, unusual events or transactions, and how these matters are addressed; and f) compliance with financial reporting standards and other regulatory requirements.
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