41 Annual Report 2025 AUDIT COMMITTEE REPORT The principal objective of the Audit Committee (“AC”) is to assist the Board to discharge its statutory duties and responsibilities in relation to financial, accounting and reporting responsibilities and to ensure proper disclosure to the shareholders of the Company. The AC will ensure that the Management establishes and maintains an effective internal control system including adequacy of resources, qualifications and experience of staff fulfilling the accounting and financial reporting function of the Company. The Board is pleased to present the Audit Committee Report for the financial year ended 30 June 2025. COMPOSITION AND MEETINGS The Audit Committee held five (5) meetings during the financial year. The members of the Audit Committee and details of their attendance at the meetings during the financial year ended 30 June 2025 are as follows: Name of Director Designation / Directorship Number of meeting attended Datuk Mat Noor bin Nawi Chairman of Committee / Independent Non-Executive Director 5/5 Dato’ Sri Ismail bin Ahmad Member of Committee / Independent Non-Executive Director 5/5 Elisa Tan Mun-E Member of Committee / Independent Non-Executive Director 4/5 All meetings were convened with proper notices and agenda, and were distributed to the members with sufficient notification. During the meetings, all deliberations were recorded, and minutes were tabled for confirmation at every succeeding meeting and subsequently, AC chairman will present the summary report to the Board. AC also invited the Executive Directors and the Management to attend the meetings in order to keep abreast of matters and issues pertaining to the Group. TERM OF REFERENCE The Term of Reference of the AC which set out its duties and responsibilities are accessible via our Company’s website at www. excelforce.com.my. SUMMARY OF WORK OF THE AUDIT COMMITTEE During the financial year ended 30 June 2025, the Audit Committee has carried out the work as set out in the terms of reference are summarized as follows:- Review of Financial Report AC reviewed the unaudited quarterly interim financial statements and audited annual financial statements before presented to the Board for approval. External Audit Functions AC work closely with External Auditors, TGS TW PLT, on following areas:- • Reviewed the Audit Planning Memorandum, Audit Review Memorandum and Audit Completion Memorandum for financial year ended 30 June 2025 and recommended the same to the Board for approval; • Reviewed the audited annual financial statements, content of Annual Report for the financial year ended 30 June 2025 together with management and External Auditor, and recommended the same to the Board for approval; • Reviewed the application of accounting principles and standards together with External Auditors and Management to ensure that it was applied consistently throughout the financial period; • Reviewed the proposed audit fees for financial year ended 30 June 2025 and recommended the same to the Board for approval; and • Reviewed and evaluated the performance and independent of the External Auditors and recommended the same to the Board for approval.
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